Darby Simmons, CFP®
What’s been, “working” this year in the markets appears to be one large Fear trade. The search for yield with a leveraged bet that rates aren’t going up anytime soon. Based on this graph put together by JPMorgan, anything with yield that could be construed as, “safe”, has prospered.
Long Bonds, Utilities, REITs, and Consumer Staples stocks round out the top performers.
Very odd, very distorted markets. Could be part of late stage, bull-market activity or just a pause while we wait for global growth to resume.