Weβre seeing an increase in risk-on behavior as markets begin to stabilize from the recent correction. This shift is especially evident on the international stage. And while the U.S. has been more of a laggard in comparison, there are still compelling opportunities emerging.
Gold miners, for example, continue to show relative strength β as confirmed by the latest power rankings.
At the same time, certain pockets of growth that were hit hardest are showing signs of life. Cybersecurity ($HACK), for instance, has successfully retested its 2021 highs β much like the major U.S. indices β and is beginning to set up constructively.
This signals a broader transition from risk aversion to opportunity-seeking. As more corners of the market find their footing, we expect leadership to broaden.
