Post-Brexit Safe Stock Binge Tests Limits of Defensive ValuationBy
Latest selloff has buoyed utilities to all-time high
Stocks, ETFs attracting investment despite high valuations
In a move that shocked nobody, the post-Brexit downdraft unleashed a rush into defensive stocks. What’s surprising is how much U.S. investors are willing to pay for safety.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.