When can you buy blue chip dividend paying stocks again?
The last couple of days have not been a sweet ride for the blue chips. I think this quote from JP Morgan’s chief equity strategist sums up the “big money” view. I don’t agree with it but you would be foolhardy not to watch out for trains crossing the tracks. ” US equity strategy update from JPM’s T Lee – we see the shift out of defenses and into cyclicals continuing. We still see the early 90s as the best analog for today and in the ’93-’94 period of abrupt rise in yields saw a progressive collapse of Defensive sectors. The … Read more