FYI: The major stock benchmarks—European, American, and others—haven’t exactly hit it out of the park this year. In fact, they’ve been whiffing a lot thanks in part to investor fears that it’s late in the recovery, with the nine-year-old U.S. expansion ranking as the second longest in U.S. history.
Investors with such worries ought to consider a broad bet on United Kingdom stocks, say Bank of America Merrill Lynch strategists. The U.K.’s FTSE 100 works as a “later-cycle trade given its heavy weight in commodities and defensives,” writes the BofA ML team. They say they’re closing out their bet on European health-care stocks and dividend payers and switching into U.K. equities. (Read more about an options play on rising European stocks.)
Regards,
Ted
https://www.barrons.com/articles/a-late-cycle-contrarian-play-buy-british-1526055159
