Defensives may not be safe place to hide as U.S. stock market stumbles

“Last year it was really easy to hide out in defensives,” said Anthony Saglimbene, chief market strategist at Ameriprise Financial. “It worked really well last year. I think it’s going to be more complicated this year.”

When compounded by the fact that some defensive stocks carry relatively expensive valuations, investors may avoid them even if the broader market sours. Fears of a recession induced by the Fed’s swift rate-hiking cycle hovered over markets last year, and investors gravitated toward defensive areas, confident of spending on medicine, food and other necessities continuing despite economic turmoil.

The health of the U.S. economy is set to become more clear with the release of the February jobs report next Friday, while investors will also be watching Congressional testimony next week from Fed Chair Jerome Powell. “You can get a pretty attractive yield in the bond market now, which hasn’t been the case,” said Mark Hackett, chief of investment research at Nationwide.

To be sure, other factors could aid the prospects of defensives. For example, a pickup in volatility in the bond market could improve the lure of defensive equities as a safe haven, said Nationwide’s Hackett.

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

B.C. premier 'astonished' as Langley company approved to buy and sell cocainePremier David Eby has slammed Health Canada for not consulting with B.C. before granting the Langley company approval to produce cocaine. Now our politicians can be productive again! PaulChapman_ Adastra Holdings can hire Zambada García (aka El Mayo) of the Sinaloa Cartel to be a senior advisor. Many a Cartel are now demanding that their business licenses to be approved,, 😅😂🤣
ソース: VancouverSun - 🏆 49. / 61 続きを読む »

B.C. premier vows to investigate cannabis company’s reported approval to produce, sell cocaine | Globalnews.caAdastra Labs, in Langley, B.C., says Health Canada granted an amendment to its dealer license to 'interact with up to 250 grams – or nearly nine ounces – of cocaine. City Govs could block the sale of this within their community if they wanted. Sheesh. I couldn't even set up a juice stand outside my home on Vancouver w/o proper permits. Interesting. I wonder how established gangs in the area feel about this?
ソース: GlobalNational - 🏆 81. / 51 続きを読む »