Energy & Financials Lead, but the Flight to Quality has Begun

It's easy to get suckered into thinking the crisis is over and buy the most oversold stocks. For financials, this comes with significant risk as the "crisis" is just getting started and the eventual recession is virtually assured. With this backdrop, the quieter trade is toward quality and a Fed pivot. (OLPX, IAG, KGC, IBM, UWMC, XLI, T)

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