Investors Are Buying Recession-Geared Stocks

Posted on by BluePhoenixFinancials
⛑⛑ Investors Are Buying Recession-Geared Stocks
Bespoke Investment Group notes that more than 90% of all stocks making 52-week highs last week were from the consumer staples, healthcare, real estate and utilities sectors
Ned Davis Research tracks a SHUT Index — a proxy for defensive sectors compose of staples, healthcare, utilities and telecom — which has broken out to a new high
The rush toward stocks geared to tougher times and away from boomtime plays can also be seen in the near-50-percentage-point outperformance so far this year of Walmart shares over Home Depot
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