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	<title>Tom's Blog On Markets &#38; Investments &#187; sector rotation</title>
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		<title>Is This Early Cycle Behavior? Gold and Energy Up, Financials Down?</title>
		<link>http://tom-davis.us/2009/05/20/is-this-early-cycle-behavior-gold-and-energy-up-financials-down/</link>
		<comments>http://tom-davis.us/2009/05/20/is-this-early-cycle-behavior-gold-and-energy-up-financials-down/#comments</comments>
		<pubDate>Wed, 20 May 2009 18:20:47 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Bonds]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[financial stocks]]></category>
		<category><![CDATA[sector rotation]]></category>

		<guid isPermaLink="false">http://tom-davis.us/?p=106</guid>
		<description><![CDATA[With an hour to go in US equity trading, growth indices are outperforming value stock indices, large, mid and small cap, about 2:1, across the board.  Growth is up about .75% and value shares up about half that.  The VIX is at its lowest level since the Lehman collapse last fall.  The Energy and Materials [...]]]></description>
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		<title>Will The Rally In Financial Stocks Continue? Is It Important? Part Two</title>
		<link>http://tom-davis.us/2009/05/19/will-the-rally-in-financial-stocks-continue-is-it-important-part-two/</link>
		<comments>http://tom-davis.us/2009/05/19/will-the-rally-in-financial-stocks-continue-is-it-important-part-two/#comments</comments>
		<pubDate>Tue, 19 May 2009 20:34:34 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Credit Markets]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[sector rotation]]></category>

		<guid isPermaLink="false">http://tom-davis.us/?p=50</guid>
		<description><![CDATA[It looks like the short answer to the question from last week is No, and, I continue to believe, Yes.  In a choppy and slightly down market the banks and insurance companies were down 3.5 and 2.3 percent, respectively, due to commercial property loan quality worries.
May 19 (Bloomberg) &#8212; U.S. stocks declined as banks fell [...]]]></description>
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		<title>Will The Rally In Financial Stocks Continue? Is It Important? Part One</title>
		<link>http://tom-davis.us/2009/05/15/is-this-rally-in-financial-stocks-for-real-part-one/</link>
		<comments>http://tom-davis.us/2009/05/15/is-this-rally-in-financial-stocks-for-real-part-one/#comments</comments>
		<pubDate>Fri, 15 May 2009 22:38:25 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Stocks]]></category>
		<category><![CDATA[financial sector]]></category>
		<category><![CDATA[financial stocks]]></category>
		<category><![CDATA[limited purpose banking]]></category>
		<category><![CDATA[narrow banking]]></category>
		<category><![CDATA[rally]]></category>
		<category><![CDATA[sector rotation]]></category>

		<guid isPermaLink="false">http://predictivemarkets.wordpress.com/?p=39</guid>
		<description><![CDATA[This may be the most important and perplexing question about investing (not just equities) for the next year and possibly longer.  The traditional point of view among professional money managers is that financials are early cycle stocks, and that you can&#8217;t have a sustainable bull market or a new bull market without the early and [...]]]></description>
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