MarketGauge: "Tread Lightly" Amid Volatility, "Vanity Trade" to Gain Traction
Schwab Network · Schwab Network
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Show Notes
Mish Schneider says the markets lately have been weighed by their weakest links, which she says are transportation and semiconductors. She expects volatility to continue and urges investors to "tread lightly" but doesn't see bears taking hold of the narrative. Mish believes gold has reemerged as a "true commodity" in its recent breakout following months of consolidation. On stocks, she sees the "vanity trade" gaining bullish traction and points to Eli Lilly (LLY) and Ulta Beauty (ULTA) as beneficiaries.
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