Now is when you either take profits or acknowledge the run happened without you, so the next best play is to watch for a pullback.
Let's review the charts and indicators.
Still, my favorite financial name at the moment is SoFi Technology as I believe that they have all of these banks in their sights.
The market is showing positive signs of sustained momentum.
With the broader market becoming more fully valued, the utility sector offers attractive candidates for income-oriented investors.
While supply-chain constraints are a global problem, consumer-level inflation is not yet as broad a problem, or at least not evenly distributed.
It is still early, but the character of the market action shifted on Wednesday, and the potential for a new uptrend is increasing.
The stock is up nearly 5% Wednesday and on my radar for a breakout Thursday.
The real issue is that they don't know and are just hoping that "inflation is transitory".
And there isn't much clarity.