FYI: Soapmaker and real-estate stocks have taken over a rally that used to be led by social networks and smartphone makers. Companies with stable earnings and dividends have shepherded gains in November, the first time this year that the two best-performing industries are defensive ones.
So, while this looked like just another boring week in the bull market, it was actually a departure from the first 10 months, when leadership was rotating among cyclical companies. Investors are evincing an appetite for safety even as the market is poised for its longest streak of monthly gains in a decade.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-11-17/tiny-shifts-in-contour-of-stock-rally-have-bulls-looking-bearish
