As global slowdown risks rose this year, so did the defensive trade's popularity. Investors assume they're more protected from downside by buying stocks that are known to provide dividends and stable earnings.
"There's a level of disappointment that probably comes," added Hogan, who's responsible for $15 billion in assets under management. "Earnings and multiples are going to disappoint as we work our way through earnings season."
TradingNation Do you guys talk stocks anymore. What the fuck
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.
Source: BusinessInsider - 🏆 729. / 51 Read more »