Banking sector is a good defensive bet at current levels.
There is strong money flow, which is boosting sentiment, but we are seeing a lot of churn, as investors are taking a call on earnings.
There is strong money flow, which is boosting sentiment, but there is likely to be a lot of churn, as investors take a call as more earnings come in.
The impact of bird flu was not that much, as investors had the weekend to absorb the news, but we could be seeing a case of a 'fool's euphoria,' with investors keeping their eyes shut to a problem.