SDY Dividend Breaking Out!After 3 long years, SDY (dividend stocks) are about to break out. If I am right, this is a good indication we are moving closer to a recession and money is starting to flow to defensive stocks in preparation.
Remember portfolio managers are not like you, buy today sell tomorrow. Purchasing hundreds of billions of dollars without moving the market against you takes a long time.
While I have not said the R word (unlike most bears have been saying daily since COVID) I am getting very close to saying it.
Follow and stay tuned for more.
