FYI: - With bond and equity markets from the United States to emerging markets all on pace to lose money this year, investors have not seen this much red on their screens since 1972, the last time no asset class returned at least 5 percent.
The Wall Street sign is seen outside the New York Stock Exchange, March 26, 2009. REUTERS/Chip East
Yet fund managers are finding things to like despite the recent market volatility, which sent the Dow Jones Industrial Average down more than 2 percent this week.
As they start to position their portfolios for 2019, fund managers, from firms including ValueWorks, Sierra Investment Management and Federated Investors, say they are looking at sectors that could snap back next year thanks to a combination of more attractive valuations and a decline in the dollar.
Regards,
Ted
https://www.reuters.com/article/us-usa-stocks-weekahead/licking-their-wounds-fund-managers-prep-for-rally-in-19-idUSKBN1O61AA
