Playing the Summer Rotations

In recent sessions we have been lightening up on exposure to the healthcare and biotech sector into their respective moves higher, inside Market Chess Subscription Services. 

With that capital, we have been stalking plays in the resurgent regional banking sector. As rates rise, we have seen REITs and utilities get hit while regionals quietly outperform, as you might expect. The regionals tend to move in unison, but a name like ZION has been as strong as any. And HCBK may be trying to stage a comeback after lagging for a while. 

As for commodities, crude is now reversing hard to the upside, though overall remains rangebound. Natural gas and gold miners are bouncing, but nothing too exciting, just yet.