Tug of War

(1) Filling our bench at YRI. (2) Tug of war still a stalemate. (3) Sector neutrality looking like a good option. (4) Not too many friends for trend followers. (5) Analysts still lowering earnings estimates for Energy, inflating sector’s P/E. (6) Some Financials prosper when yield curve is low and flat. (7) Health Care has turned into a political football. (8) Hillary says: “Just say no to high drug prices.” (9) Techs have the urge to merge. (10) Worst may be over for Industrials if oil is bottoming and dollar has peaked. (11) If all else fails, there are always buybacks. (12) Focus on market-weight-rated S&P 500 Energy.