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Strategies & Market Trends : Fidelity Select Sector funds

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To: Aggie who wrote (2895)9/6/2000 9:58:52 PM
From: Julius Wong  Read Replies (2) of 4916
 
Aggie:

Now the strongest sector is energy, followed by financial. I like FSESX and FSNGX for the longer term. I believe the financials will be weaker later in the year.

By traditional classification, FSPHX, FSUTX are defensive funds, should be favored during uncertainty. But now both FSPHX and FSUTX are weak.

At this time I have 45% in financial funds, 25% in energy, and 20% in technology, 10% in FBIOX.

What's in the future? I don't know. My feeling is that by the third week of October money will flow back to tech sector and biotech.

Good investing,
Julius
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