Some of the hottest stocks in the U.S. are pointing to an economic cool-down.
Utilities and healthcare are among the best-performing groups in the S&P 500 so far this quarter, with gains of 7.8% and 6.6%, respectively, compared with a 4.9% rise in the broad stock index. Big winners include utility NextEra Energy Inc., which is up 14% this quarter, while shares of medical company Danaher Corp. are up 19%.
The gains are noteworthy because investors typically pile into those types of stocks when they are expecting the outlook to darken. Visits to the doctor and electricity use are less apt to decline in a pinch than spending on vacations or new furniture. Goldman Sachs this month cut its third-quarter U.S. economic growth forecast to 5.
“When those sectors are doing well, as they’re doing now, that tells you that the market is bracing for either a slowdown in the economy or some sort of a correction in the broad market,” said Phil Orlando, chief equity-market strategist at asset manager Federated Hermes.
To be fair I haven't read it ,,,but I immediately thought Ya! Raytheon. Northrop General Dynamics,,,,
The STOCK MARKET IS NOT THE ECONOMY. May WSJ have a seat at the DEFENDANTS TABLE during Nuremberg 2.0
Доброго времени суток дорогие друзья
Why is Ron DeSantis allowed to make money off a drug he is pushing in Florida Regeneron
In other words, speculative and smaller cap stocks are rising and boomer stocks are fading again. FUD.
of course there will be a cool down until further stimulus which you can be assure is on its way...
Join Chat 👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇
wow
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »
Источник: etnow - 🏆 696. / 51 Прочитайте больше »