IWY: Don't Chase Growth (Archive)
High rates trap IWY’s growth-heavy portfolio in a prolonged bearish trend.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- Growth stocks will not do much growing in this high interest rate environment.
- The incremental rate hike plan by the U.S. Federal Reserve will lock the iShares Russell Top 200 Growth ETF in a bearish trend.
- My technical analysis framework based on Trend Flow, Support/Resistance Location, and False Breakout Traps suggests a sell on the IWY vs SPX500 and on the standalone IWY ETF.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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