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Safe Haven Stocks Are The Market’s New Victim

Safe Haven Stocks Are The Market’s New Victim

Wells Fargo equity derivatives strategist Pravit Chintawongvanich says that defensive sectors have been the beneficiaries of large asset inflows but that a broad pullback might suggest the sector rotation may be coming to an end, according to a detailed analysis in Barron’s. This week saw the utilities and real estate sectors join in, off 3.2% and 3.8%, respectively, since last Thursday.