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Feb 09, 2026
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LONG
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Seymour identifies a "barbell approach" to the current market, highlighting that Semiconductors (specifically NVIDIA) continue to outperform, while Health Care and Energy are also working. This strategy balances aggressive growth (Semis) with value/cyclicals (Energy/Health Care). Seymour argues the economy is in better shape than perceived; specifically, the Energy sector performs well as long as the labor market remains stable and people have jobs. Semis are "outperforming once again," and Energy/Health Care are showing strength alongside them. A significant deterioration in the labor market (Payrolls) could undermine the thesis for the cyclical side of the trade. |
CNBC
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