Defensive stampede risks turning "safe" stocks into the next bubble
FROM THE WIRE · INVESTORIDEAS.COM
deVere CEO Nigel Green warns a record rush into defensive stocks risks turning safe stocks into the next bubble, with consumer staples at their richest valuation since 1998.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA record rush into defensive stocks could create a bubble and a correction risk for consumer staples.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Nigel Green, CEO of deVere, warns of a record rush into defensive stocks.
- 02Consumer staples are at their richest valuation since 1998.
- 03The risk is that stocks seen as safe become the next bubble.