We believe the effects of the pandemic will reverse and that the market has yet to fully value this. One beneficiary of this is online shopping. In our opinion Etsy has benefitted from this even further, as their core business revolves around homemade and vintage items. We believe market will soon fix this overvaluation, thus, making shorting justified.

Following sector rotation on momentum strategy. Consumer discretionary sector is the second most growing sector over the time period of 6 months based on S&P 500 the major market sectors with 14.2% increase. ETSY has been one of the most growing consumer discretionary stocks in the US within the time period of 6 months with 54.77% of growth.

This investment follows our S&P 500 without oil and gas companies momentum strategy. It's 3 month returns are top 10 in our shortlist, so we will take a long position on it.

Building initial portfolio. Momentum / diversification strategy. Consumer cyclical sector.