Looking at our sector table, the usual suspects are all leading the market higher.
Technology, communications, industrials, and financials are all trading near all time highs and have just recently broken out of bases.
Surprisingly, the one outlier is perhaps the most important sector in the economy; the consumer.
While all four of the previous sectors are at new highs, the consumer is yet to break out.
Rotation sustains bull markets; when asset prices are rising, the groups that initially lag behind quickly catch higher to the strongest groups.
In this case, we think Consumer Discretionary $XLY follows the other sectors and makes an all time high in the coming months.
And when it comes to positioning in the individual names that are best positioned for that rotation, our retail-expert Jeff Macke is on the ground uncovering the best individual stocks in the consumer space.
To see his portfolio of consumer stocks, click here.
