The Chicken Little Market
Good Morning, I took a much-needed break from blogging, but don't worry, I've been paying attention to the market. Bloomberg recently wrote an article about the events during this past month because the market has been tumultuous. A couple points that stood out were: The Fed Chairman (Jerome Powell) made it a point to mention that they are concerned about the market The Yield focused sectors (Utilities and Real Estate, those that provide a healthy dividend payout) have been positive while the rest of the market has been negative Consumer Spending was down and very few market professionals were overweight equities The article did a great job pointing out a change in investor preference, but it over hypes the flight to "safe" strategies. What was not mentioned in this story is how investors have started to rotate out of the high growth companies and into those that have lagged in the past years. There have not been material changes in the main narratives...