Today's Hot Topic updates Thursday's action and the flight to quality we saw in bonds and the yen. There's still a few names I'd consider buying, but if this trend continues we could see continued pressure in stocks.
'Flight to safety' investments into the exchange-traded funds for U.S. Treasury bonds, gold bullion and dividend-rich utilities stocks continue to be viable choices for investors.
And let's not get too bearish at this point.
The bond exchange-traded fund set a 52-week low last Monday, as the gold bullion ETF moved back above its 50-day simple moving average, and utilities ETF confirmed a 'golden cross.'
The bond ETF set a 52-week low on Friday, as the gold bullion ETF fell below its 50-day simple moving average. Utilities ETF appears poised for a 'golden cross.'