Midsummer Moderation
Wednesday, August 22nd, 2018 Categories: Defensives, Eurozone, Sector Strategy, United States
Time to reduce the beta of your equity portfolio
All four defensive sectors in the US have generated relative buy signals in the last three months and as a group they are starting to outperform the index. This may or may not be an indicator for the equity market as a whole; that is for the future to decide. Right now, investors should be reducing the beta of their equity portfolio, no matter what their macro-outlook. And the same applies to European portfolios as well