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If It’s Raining in Brazil, Buy Starbucks by Navarro

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CHAPTER 14STOCKS TO PEDAL DURING THE BUSINESS CYCLE

Every September, Lancer Armstrong takes several weeks off from his duties as a finance professor at the University of California to compete in Europe for the title of senior world champion amateur cyclist. And while Professor Armstrong has won that title three out of the past five years, that’s not why his friends call him a “master cyclist.” Rather, he has earned that sobriquet through his highly lucrative sector rotation strategy of investing.

Right now, with the economy on its way to hitting a recessionary rock bottom and the stock market in its late bear phase, Professor Armstrong has already begun to move cash out of defensive sectors like food and drugs and pharmaceuticals into several ...

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