PYZ: A Hold Despite Its Concentrated Portfolio Of Inflation Beneficiaries Prone To Deep Drawdowns

I am of the opinion that in the current environment, the Invesco Dorsey Wright Basic Materials Momentum ETF ( PYZ ) does not offer a risk/reward profile appealing enough despite delivering quite an impressive performance YTD.Vasily Zyryanov is an individual investor and writer.He uses various techniques to find both relatively underpriced equities with strong upside potential and relatively overappreciated companies that have inflated valuation for a reason.In his research, he pays much attention to the ene ...