The market has been choppy. With a bias toward safer names. But there hasn't been a straight line down to mirror the day after day of bullishness earlier this year. So is there a chance of a shift from safety back to risk? Not by a look at the high risk banks. They are down across the board. But the economically sensitive stocks are rebounding after Friday's drubbing.
Prediction: Cyclical stocks will show strength as easy year over year comparisons draw investors' interest. But banks will be left behind until they can come up with a business model that has social utility. Would you want your kid to grow up to be a vampire squid?
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