Our last X post said to short silver (after silver and gold were our top longs in 2025). Subsequently silver went down by -50% from its Jan 2026 peak.
Now there is an once-in-decades sector rotation opportunity. Remember the March-Dec 2000 sector rotation after the TMT bubble burst? The S&P tech sector declined -48% while defensive sectors rallied by +30% on average from March to Dec 2000.
Nobody is positioned for a rotation like this, currently the consensus is ridiculously long tech and most investors wouldn’t be caught dead buying defensive stocks. But defensive stocks are more depressed relative to the S&P500 than in March 2000 (see chart).
Take advantage of this rare sector rotation opportunity. Our proprietary time series forecasting model says the time is now. Get the Belkin Report for specific recommendations.
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