If you think this will become more than a bear market rally
JPM's Kolanovic reiterated his bullish market view yesterday. If you believe this will transform into something bigger than just a bounce, then consider the following plays according to the investment bank:
1. Longs in small-caps (P/E ratio is below Lehman bankruptcy and peak COVID)
2. Longs in Biotechs (~1/3 of the companies trade below cash)
3. Long China (reopening and stimulus are powerful tailwinds), including Tech/Internet4. Long Cyclicals vs. Short Defensives5. High Beta Growth, including ARKK ETF. Many of these names have lost as much as similarly viewed names in the Tech Bubble.Chart showing XBI at huge supports...
1. Longs in small-caps (P/E ratio is below Lehman bankruptcy and peak COVID)
2. Longs in Biotechs (~1/3 of the companies trade below cash)
3. Long China (reopening and stimulus are powerful tailwinds), including Tech/Internet4. Long Cyclicals vs. Short Defensives5. High Beta Growth, including ARKK ETF. Many of these names have lost as much as similarly viewed names in the Tech Bubble.Chart showing XBI at huge supports...
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