Going For ‘Gordo’ Growth Stocks
By Todd Gordon
May 16th, 2023
Are we in a recession? Possibly. But with the move higher in the ‘gordo (Spanish for ‘fat’ referring to the large cap growth stocks -see what I did there?) led by communications and the technology sector ETF ‘XLK’ at new yearly highs, I think the path forward is higher. The major determinant of the fate of this new bull market will be US treasury yields. Let’s look at the correlation between yield, value, and growth stocks to take a close look.
Founder and Lead Analyst of Trading Analysis
Todd has been trading as a career for the last 20+ years. His goal is to not only provide insightful analysis, but to teach people how to think and grow as professional traders. Todd is a practitioner of Elliott Wave Theory and he uses it to gain an edge in the highly competitive trading arena. In addition to trading professionally, Todd has worked as an analyst and researcher at two different hedge funds. Click Here To Learn More about Todd Gordon