The stock market has been suffering heavy losses recently. What is concerning is the 10-year interest rate pushing ever higher. Although Fed chief Jerome Powell didn’t seem overly concerned and gave no indication about policy changes to supplement the rise.
The S&P 500, Dow Jones, and Nasdaq all finished below previous lows as hedge funds are repositioning their portfolios and markets are trading out of “stay-at-home” stocks in favor of “going-out” stocks.
There are a few safe havens currently: mining and even travel stocks.
With sentiment in markets looking the most fearful in recent times, investors should be acting cautiously. Now is not the time for growth stocks or to be a hero. ETFs and cash are the best routes of action.
The market needs to reestablish a clear uptrend before the trouble is over.
Watch the full interview to see what to trade in recent market conditions.
Original article: What to Trade as Economy Reverts Back to Normal
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