Portfolio managers will be actively trimming and adding to new positions at the end of this week. Oftentimes, portfolio managers will trim stocks that have run 30%+ in a quarter and use that money to rotate into different securities. As rates are increasing, I am expecting to see some portfolio managers rotate assets from equities to bonds. Bonds are very poor investments right now but with aggressively rising rates, these will be more attractive.

A few sectors I am looking at rolling over next month are Commodities, China (mainly EVs), and healthcare. Something to keep an eye on.