FYI: Goodbye iPhones and Facebook feed. Hello power plants and bleach.
Since stocks began tumbling two months ago, investors haven’t abandoned the market. At least, not all of it. In recent weeks, as they’ve pulled money out of funds that invest in go-go technology companies, they’ve also been buying utilities, companies that make everyday necessities for consumers and other stocks that tend to have smaller swings in price than the rest of the market.
It’s part of a big shift in investor behavior as fears about rising interest rates, a global trade war and slowing economic growth around the world have roiled markets. The S&P 500 plunged a combined 3.4 percent Monday and Tuesday, with technology stocks again suffering particularly sharp losses, and the index has lost 9.6 percent since setting its record on Sept. 20.
Regards,
Ted
https://www.washingtonpost.com/national/investors-seek-stability-as-they-bail-out-of-tech-stocks/2018/11/21/70495564-edd7-11e8-8b47-bd0975fd6199_story.html?utm_term=.e6c7c3bbff82
