Risk-Off Sentiment Fueled Defensive Mindset in May
This article was originally published on ETFTrends.com.
So what did investors do when the markets were awash in volatile-laden sell-offs in May as a result of U.S.-China tariff battles? They sought out consumer staples–and this could be a persisting trend that could boost the Direxion MSCI Defensives Over Cyclicals ETF (NYSEArca: RWDC) if trade wars become protracted. “Thanks to renewed risk-off sentiment, cyclical [...]