Thanks for your excellent advice
Momentum in certain names that have seen sustained negative momentum over the past couple of years are now beginning to show positive momentum. It is possible to see any of these names move higher in the coming weeks/months as the inflation narrative becomes more clear and a widespread belief of peak interest rates increases. Of the names, we feel that PLC currently has the weakest momentum, and we would consider ATZ and CROX to have more potential for a near-term rebound.
To maintain exposure to the consumer discretionary space, we like the SPDR Consumer Discretionary ETF (XLY).
For the purpose of tax loss selling, we would be OK with selling these names with the intention to buy back later. Although, we do feel it is possible for some of these names to move higher into year-end as positive developments are taking place on the macro side of things.