. The safety surge comes even as the riskier tech sector leads the market and the S&P 500 is less than 2% from record highs.
Nancy Tengler, CIO of Laffer Tengler Investments, sees this as proof of uncertainty among investors as to what comes next after the record rally in stocks. "The market is conflicted. Many like me think that we're due for a correction, and so you see a lot of this movement into the defensive sector," Tengler said on CNBC's ""We've taken the approach to keep our cyclicality exposed in our portfolios because we think that the bull market has another leg up," she said.
, chief market strategist at Miller Tabak, is judging this disconnect in the market on a case-by-case basis. He says utilities, for example, could be one red-hot area about to cool down, while gold and Treasurys should continue higher., is very overbought. Look at this weekly relative strength indicator — it's over 80. I mean that's usually a level that it only stays at for a very short time, and yet it's been there above that level for over seven days now.
TradingNation That's right permabulls FOMO is going to get you run over like road kill
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Millennials' favorite stocks include Apple, Tesla, and Warren Buffett's Berkshire Hathaway - Business InsiderApex Clearing analyzed more than 734,000 investor accounts and found Amazon, Disney, and Netflix are also top picks.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Asian Stocks Tumble as Cost of Wuhan Virus Begins To Be CountedThe Hong Kong stock market tumbled by more than 3% as it reopened on Wednesday. This was the first opportunity for local equities to be traded since the Chinese New Year holidays and the escalation… Imagine what American stocks will do when the cost of the trumpvirus begins to be counted. OrangeManBad TrumpRemovalTrial Good time to buy. Unless you think it will wipe out the globe. In which case, might as well buy anyway.
Source: Variety - 🏆 108. / 63 Read more »
Gaming stocks slammed as Chinese tourists to Macao plummet amid coronavirus fearsHong Kong-listed gaming stocks took a beating on Wednesday as official data showed mainland visitor arrivals to Macao plummeting during the Lunar New Year holiday period.
Source: CNBC - 🏆 12. / 72 Read more »
Hong Kong Stocks Slump, Catching Up to Coronavirus FearsHong Kong-listed stocks dropped sharply on their first trading day after the Lunar New Year break, as investors assessed the spreading Wuhan coronavirus and its impact on global growth. I wonder why? Buying opp
Source: WSJ - 🏆 98. / 63 Read more »
Stocks lose steam in wake of Fed statementThe S&P 500 ended slightly lower on Wednesday, as an initial boost from the like...
Source: Reuters - 🏆 2. / 97 Read more »
Hong Kong stocks pull Asian shares lower but futures offer hopeAsian shares fell on Wednesday as a spike in new Chinese virus cases sent Hong K... No.
Source: Reuters - 🏆 2. / 97 Read more »