Steel. Coal. Copper. Commodities. There have been some very surprising sectors in recent years. Now, caution may be the word for some of them.
Gail Dudack, Managing Partner at Dudack Research Group and Don Hays, President and Chief Investment Strategist at Hays Advisory Group, shared their thoughts on what sectors to avoid in the year ahead.
Dudack says avoid oil and commodities, and anything with China is "overbought." In particular, Dudack said avoid metals such as copper. She also expects crude oil prices to go down this year, despite OPEC's efforts to manage production cuts.
Hays says the gold situation, now above $600 an ounce, is a bubble that has already burst.