A pair of new polls by SumZero asked 12,000 buy-side members of the finance industry where investors should be putting their money in 2016. The stock market is off to a bumpy start, but the volatility and uncertainty only make stock and sector selection even more important.
In terms of 2016 being a bounce-back year, SumZero asked which lagging 2015 sector (energy, materials, utilities, industrials or financials) will perform best this year. Respondents preferred the energy sector (35.5 percent) by a wide margin over financials (21.1 percent), which came in a distant second. The materials and industrials sectors tied for the lowest number of votes at just 12.2 percent each.
So far in 2016, the Energy Select Sector SPDR (ETF) XLE 0.09% has traded down about 6.6 percent, mostly in line with the S&P 500’s decline.
Best Buys
In addition to preferred sectors, SumZero also asked…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!