Switch to Defensive Gear

July 28, 2020, 4:57 pm EDT

Switch to Defensive Gear

Nasdaq -1.27%, DJIA -0.77% S&P 500 -0.65% were the scorecard today. Previous tech mega leaders weakened again (AAPL, MSFT, GOOGL, AMZN, TSLA) that showed mode switched from offensive to defensive.

Especially, money flows to REIT +2% and utilities +1.5% sectors. Consumer staples was positive today; that is a typical defensive move.

Therefore, adjusting portfolio from offensive by selling technology positions and buying defensive stocks in REIT, utility or consumer staples could be reasonable actions.

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