Stock Markets Analysis and Opinion
Time for the Defensive Sectors to Shine?
2024.07.22 04:41
Investors chasing Big Tech stocks have pushed their weight in the overall stock market to an extreme, surpassing the peak set during the height of the Dotcom Bubble.
On the flipside of this trade are defensive sectors within investor portfolios which now make up the smallest share on record.
Reversals from such extremes can be more violent in the beginning and then more prolonged than most investors may expect.
They also can coincide with major macro shifts at times…
…which tend to act as an accelerant for a number of neglected asset classes.
