Sector Snapshot: Defensive Sectors Take The Lead

By |2016-06-27T13:36:01-04:00June 27th, 2016|Alhambra Research, Markets, Stocks|

Even before the Brexit vote, momentum was shifting to defensive sectors. The rally in weak dollar sectors - other than the gold/silver mining industry - was looking very overbought and tired anyway, so Brexit was a good excuse to take some profits. Whether the dollar can retain the strength it has gained on this historic vote is the big question. [...]