Malcolm Graham
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Malcolm Graham in Analytics & more!,

It’s time to invest in what is not hot


NextEra Energy is among the top five holdings of the Utilities Select Sector SPDR ETF.

The Dow Jones Industrial Average recently suffered its quickest 10% drop from an all-time high since 1928, while the S&P 500 Index slumped even more. With the market having pared some losses, is this an opportunity to buy, or is it time to sell before things get worse? We discussed the (surprising) answer to this question at length here, but it’s safe to say that most investment professionals are as confused as the average investor: To wit: • J.P. Morgan: “Bull market has not peaked yet” — CNBC, Feb. 12 • Morgan Stanley: “The bull market is in the process of topping out” — CNBC, Feb. 7 Is the bull market over or not, buy or sell?