An investor who was long the market from November to April, but then adopted a defensive approach by rotating into either the SP Consumer Staples or Health Care sectors during May through October, would have found ... that the returns were well worth the effort.
More Quotes from Sam Stovall:
Basically the top ten industries were those that are economically sensitive and are bouncing back from their deeply oversold condition last year as a result of lower interest rates. We do believe the Fed will remain aggressive with its easing interest rate policy but we feel the earnings are going to be pretty bad for the first quarter, so the market is likely to tread water for awhile.Sam Stovall
Increased volatility can certainly cause increase tension, but that's not a reason to step out. It is certainly white-knuckle time, but that does not necessarily mean the good run has ended.
Sam Stovall
The market does not seem to be worried about the long-term effects of the hurricane. It seems that we're seeing again today that the market really wants to move higher.
Sam Stovall
I would regard today as positive, although we're clearly not out of the woods yet.
Sam Stovall
The hope is on the consumer to spend, to pull us out. If the consumer doesn't do that, then who
Sam Stovall
If they don't do it tomorrow, they will likely do it in January.
Sam Stovall
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