My overall trend reading was down from July. Investors are feeling a little too comfortable in this stock market. Yes, the economy looks good, but this bull market is long in the tooth. Now would be an excellent time to look for defensive stocks for your portfolio.
“Valuation concerns have already crept into the market, some investors said, as defensive stocks that tend to post lower growth than companies like Amazon and Facebook have outperformed,” reports the WSJ. “The top five performing S&P 500 sectors the past three months are all defensive, Bank of America Merrill Lynch said in a recent note, including consumer staples, utilities and health care.”
Defensive stocks tend to be the ones paying dividends, and dividends are the backbone supporting the recent strength in our Retirement Compounders®.
Originally posted on Yoursurvivalguy.com.
Latest posts by E.J. Smith (see all)
- As Our Family Celebrates Babson’s 100th, a Reminder on How to Make Money - August 23, 2019
- Shouldn’t Your Money Be Treated Well? - August 23, 2019
- 196,000 Millionaires Agree That This Is the Place to Keep Your 401(k) - August 22, 2019