Post-Brexit Safe Stock Binge Tests Limits of Defensive Valuation

Updated on
  • Latest selloff has buoyed utilities to all-time high
  • Stocks, ETFs attracting investment despite high valuations

U.S., Global Markets Leave Brexit Behind in Rebound

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.

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