Alcoa (AA): +4.23% today on average volume<\/p>\n
Freeport (FCX): +2.89% on average volume<\/p>\n
Peabody Energy (BTU): +2.41% on 2(x) average volume<\/p>\n
US Steel (X): +3.77% on average volume<\/p>\n
KOL, the coal ETF was up 2.47% on 2(x) average volume<\/p>\n
SLX, the Steel ETF, +2.98% was up on heavier-than-average volume today.<\/p>\n
SP 500 +0.97% while GLD and SLV, were so-so.<\/p>\n
———————-<\/p>\n
Normally we don’t put out a note\u00a0like this to readers, but this has been the trend all year. Commodity groups were strong almost from January 1 forward, as last year’s winners were taken out to the woodshed. The CNBC FastMoney crowd is hammering the growth stock rotation, but for a lot of these companies, the underlying fundamentals haven’t changed. We are seeing an old-fashioned rotation.<\/p>\n
We are long all of the above names for clients, although I’m sure other names and sectors did well today too.<\/p>\n
The XLE, the integrated oil ETF was up just 0.70%. (no exposure).<\/p>\n
Coal looks to be the sleeper sector for 2014. The stocks and sector were completely out-of-favor at the end of 2013, given the political sentiment. It may be attracting money simply from a\u00a0contrarian sentiment perspective.<\/p>\n
My own opinion is that this lasts until late summer, 2014. We would likely be sellers and rotating into other sectors for a “traditional” 4th quarter rally, i.e. Financials, Tech, Retail, etc.<\/p>\n
Thanks for reading.<\/p>\n
Trinity Asset Management, Inc. by:<\/p>\n
Brian Gilmartin, CFA<\/p>\n
Portfolio manager<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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