XLF: Caution is required
Common sense really - risk factors are:
- Infrastructure deal delayed or significantly watered-down
- Volatility from the debt ceiling negotiations
- Broader market sell-off as per above points
- Covid variants (but may be positive for tech stocks but buy on pull backs)
Unless XLF is going to provide some good value, and that is only after a pull brake in the broader market, I can't see any reason to be long. In fact, I would wait and buy at a max level as indicated.
- Infrastructure deal delayed or significantly watered-down
- Volatility from the debt ceiling negotiations
- Broader market sell-off as per above points
- Covid variants (but may be positive for tech stocks but buy on pull backs)
Unless XLF is going to provide some good value, and that is only after a pull brake in the broader market, I can't see any reason to be long. In fact, I would wait and buy at a max level as indicated.
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