How to invest conservatively without buying defensive stocks

The forward price-to-earnings ratio of the S&P 500 consumer staples SP500.30, +0.41% is 20, compared to less than 17 for the broader S&P 500 SPX, +0.72%, according to Refinitiv data.

Lafferty isn’t willing to proclaim the end of the momentum cycle. “I’m not ready to say that the 7-, 8-year trend has changed, based on four days worth of data.” While not as cheap as it was before the talk of recession and inverted yield curves bid up the yellow metal, gold GC00, +1.76% is still a “reasonably good” defensive play, he says. “The opportunity cost to using gold as a hedge has been falling as interest rates have plunged,” he said.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Everything Jim Cramer said about the stock market on 'Mad Money,' including how to play the rotation, gold and bond prices, and VMwareJim Cramer says buy the stocks of high-quality companies that big funds are selling, gold and bond prices could be peaking, interview with VMware COO and AT&T What a flattering pic. msnbc cnn cnnbrk MSNBC_Breaking Morning_Joe jheil mikebarnicle jimcramer MadMoneyOnCNBC SquawkCNBC SquawkStreet cnbc markets TheStreet WSJmarkets Caption: 'The stock market MENTALO' I love Jim CRAMER. He's so entertaining & likable. Above all, he knows his stuff.
Source: CNBC - 🏆 12. / 72 Read more »