Mid-week market update: The headlines look dire, and so does the market action. Relative performance analysis shows that defensive sectors have become the leadership, but as the October to December selloff shows, they are coincidental indicators and offer no predictive power as to future market direction.
What should you do? Today, I look through the market turmoil and offer some suggestions of industry groups that appear to stand up well independent of their beta characteristics. These group have the potential to be the leaders in the next upturn.
The full post can be found
here.
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