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2021-08-30
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Stock Market Turns Cautious as ‘Defensive’ Shares Surge<blockquote>随着“防御性”股票飙升,股市变得谨慎</blockquote>
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Big winners include utilityNextEra EnergyInc.,NEE-0.48%which is up 14% this quarter, while shares of medical companyDanaherCorp.DHR0.24%are up 19%.</p><p><blockquote>公用事业和医疗保健是本季度迄今为止标普500中表现最好的板块之一,分别上涨7.8%和6.6%,而大盘股指上涨4.9%。大赢家包括公用事业公司NextEra EnergyInc.,NEE-0.48%,本季度上涨14%,而医疗公司DanaherCorp.DHR 0.24%的股价上涨19%。</blockquote></p><p> The gains are noteworthy because investors typically pile into those types of stocks when they are expecting the outlook to darken. Visits to the doctor and electricity use are less apt to decline in a pinch than spending on vacations or new furniture. Goldman Sachs this month cut its third-quarter U.S. economic growth forecast to 5.5% from 9%, citing slowing consumer spending in the face ofrenewed Covid-19 outbreaks.</p><p><blockquote>这些涨幅值得注意,因为当投资者预计前景黯淡时,他们通常会涌入这些类型的股票。与度假或购买新家具的支出相比,看医生和用电量在紧要关头不太容易下降。高盛本月将美国第三季度经济增长预期从9%下调至5.5%,理由是面对新冠肺炎疫情,消费者支出放缓。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c59a8812aec48e76392174fb9dcf1d15\" tg-width=\"323\" tg-height=\"416\" referrerpolicy=\"no-referrer\">A drop in economic growth from its mid-2021 pace hardly presages a recession, which is the development that often spells the end of stocks’ advance. But rallies in these so-called defensive sectors can presage broader market retreats, investors say, potentially spelling out a fresh test for a market whose post-pandemic rise has surprised many stock-market bulls.</p><p><blockquote>经济增长较2021年中期的速度下降并不预示着经济衰退,而经济衰退往往意味着股市上涨的结束。但投资者表示,这些所谓防御性板块的反弹可能预示着更广泛的市场回调,这可能对大流行后的上涨令许多股市多头感到惊讶的市场构成新的考验。</blockquote></p><p> “When those sectors are doing well, as they’re doing now, that tells you that the market is bracing for either a slowdown in the economy or some sort of a correction in the broad market,” said Phil Orlando, chief equity-market strategist at asset manager Federated Hermes.</p><p><blockquote>首席股票分析师菲尔·奥兰多(Phil Orlando)表示:“当这些行业表现良好时,就像现在这样,这告诉你市场正在为经济放缓或大盘的某种调整做好准备。”资产管理公司Federated Hermes的市场策略师。</blockquote></p><p> The market has powered to new highs through the pandemic, bolstered by aggressive central-bank interventions, government stimulus and a vigorous earnings recovery. The U.S. economy exceededits pre-pandemic sizein the second quarter of 2021, with S&P 500 companies’ profits rising 92% from a year earlier, according to analyst projections on FactSet.</p><p><blockquote>在央行积极干预、政府刺激和盈利强劲复苏的推动下,市场在疫情期间创下新高。FactSet分析师预测,2021年第二季度美国经济将超过疫情前的规模,标普500公司的利润同比增长92%。</blockquote></p><p> But as Americans approach the second autumn of the pandemic with no end in sight, questions about the markets’ resilience are coming to the fore. The S&P 500 has advanced 20% this year and set 52 record closes—its highest number of records in a calendar year through the end of August, according to Dow Jones Market Data. Valuations have edged lower this year as earnings soared but remain at historically high levels.</p><p><blockquote>但随着美国人接近疫情的第二个秋天,而且看不到结束的迹象,有关市场弹性的问题正在凸显出来。根据道琼斯市场数据,标普500今年已上涨20%,并创下52项收盘纪录,这是截至8月底的历年最高纪录。随着盈利飙升,估值今年小幅下降,但仍处于历史高位。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/405655e1a7ebb892154ad21d45899036\" tg-width=\"339\" tg-height=\"423\" width=\"100%\" height=\"auto\">And the S&P 500hasn’t experienced a 5% pullbacksince October, the longest such respite since a stretch from June 2016 to early February 2018. When the market has declined, investors have seen it as abuying opportunity.</p><p><blockquote>自10月份以来,标准普尔500指数还没有经历过5%的回调,这是自2016年6月至2018年2月初以来最长的一次此类回调。当市场下跌时,投资者将其视为买入机会。</blockquote></p><p> “Economic and earnings growth will likely be very good for the third quarter, but less than the second and maybe a little less than was expected,” said Bob Doll, chief investment officer at Crossmark Global Investments, which manages about $5.8 billion.</p><p><blockquote>管理着约58亿美元资产的Crossmark Global Investments首席投资官Bob Doll表示:“第三季度的经济和盈利增长可能会非常好,但低于第二季度,可能略低于预期。”</blockquote></p><p> Crossmark in recent months bought shares of utilities and healthcare stocks and trimmed positions in consumer-discretionary and materials companies, he said.</p><p><blockquote>他表示,Crossmark近几个月购买了公用事业和医疗保健股票,并削减了非必需消费品和材料公司的头寸。</blockquote></p><p> The shift in sentiment has helped propel stocks such as utilityAmerican Water WorksCo., healthcare operatorHCA HealthcareInc.and grocery chainKrogerCo.to double-digit percentage gains in July and August.</p><p><blockquote>情绪的转变帮助推动公用事业公司American Water WorksCo.、医疗保健运营商HCA HealthcareInc.和杂货连锁店KrogerCo.等股票在7月和8月实现了两位数的百分比涨幅。</blockquote></p><p> Healthcare stocks have relatively attractive valuations, some investors say. The sector traded late last week at about 18 times its projected earnings over the next 12 months, compared with about 21 times for the S&P 500, according to FactSet.</p><p><blockquote>一些投资者表示,医疗保健股的估值相对有吸引力。FactSet的数据显示,该行业上周晚些时候的市盈率约为未来12个月预期市盈率的18倍,而标普500的市盈率约为21倍。</blockquote></p><p> The utilities group, meanwhile, traded at 20 times projected earnings, a more modest discount to the broad market, but boasts a dividend yield of 3%—more than double that of the S&P 500.</p><p><blockquote>与此同时,该公用事业集团的市盈率为预期市盈率的20倍,较大盘略有折扣,但股息收益率为3%,是标普500的两倍多。</blockquote></p><p> The recovery since last year’s market low has been marked by sharp rotations among favored groups of stocks. The energy sector was once hot. Now, it has lost ground this quarter, dropping 9.4% asoil prices retreated.</p><p><blockquote>自去年市场低点以来的复苏以受青睐的股票群体之间的急剧轮动为标志。能源板块一度火热。现在,随着石油价格的回落,该指数本季度下跌了9.4%。</blockquote></p><p> Early in the year, expectations for a powerful economic rebound helped propel value stocks totheir largest leadover technology and other growth stocks in two decades. Then, the spread of the Delta variant and lackluster economic data caused some investors to second-guess those wagers, and big tech once againmoved to the top of the market.</p><p><blockquote>今年早些时候,对经济强劲反弹的预期帮助推动价值股成为二十年来最大的科技股和其他成长型股。随后,德尔塔变异毒株的蔓延和低迷的经济数据导致一些投资者重新猜测这些赌注,大型科技公司再次登上市场榜首。</blockquote></p><p> Now, the economy is continuing to grow but at a slower pace than some had anticipated, leading to the move into defensive holdings.</p><p><blockquote>现在,经济继续增长,但增长速度低于一些人的预期,导致人们转向防御性持有。</blockquote></p><p> “I think the market is going to continue to plow forward,” said Stephanie Lang, chief investment officer at wealth-management firm Homrich Berg. “Investors are going to continue to come in and buy the dip.”</p><p><blockquote>财富管理公司Homrich Berg首席投资官斯蒂芬妮·朗(Stephanie Lang)表示:“我认为市场将继续前进。”“投资者将继续逢低买入。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Market Turns Cautious as ‘Defensive’ Shares Surge<blockquote>随着“防御性”股票飙升,股市变得谨慎</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Market Turns Cautious as ‘Defensive’ Shares Surge<blockquote>随着“防御性”股票飙升,股市变得谨慎</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-08-30 07:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p> <b>Utilities and healthcare are among the S&P 500’s top-performing groups this quarter.</b> Some of the hottest stocks in the U.S. are pointing to an economic cool-down.</p><p><blockquote><b>公用事业和医疗保健是标普500本季度表现最好的集团之一。</b>美国一些最热门的股票表明经济正在降温。</blockquote></p><p> Utilities and healthcare are among the best-performing groups in the S&P 500 so far this quarter, with gains of 7.8% and 6.6%, respectively, compared with a 4.9% rise in the broad stock index. Big winners include utilityNextEra EnergyInc.,NEE-0.48%which is up 14% this quarter, while shares of medical companyDanaherCorp.DHR0.24%are up 19%.</p><p><blockquote>公用事业和医疗保健是本季度迄今为止标普500中表现最好的板块之一,分别上涨7.8%和6.6%,而大盘股指上涨4.9%。大赢家包括公用事业公司NextEra EnergyInc.,NEE-0.48%,本季度上涨14%,而医疗公司DanaherCorp.DHR 0.24%的股价上涨19%。</blockquote></p><p> The gains are noteworthy because investors typically pile into those types of stocks when they are expecting the outlook to darken. Visits to the doctor and electricity use are less apt to decline in a pinch than spending on vacations or new furniture. Goldman Sachs this month cut its third-quarter U.S. economic growth forecast to 5.5% from 9%, citing slowing consumer spending in the face ofrenewed Covid-19 outbreaks.</p><p><blockquote>这些涨幅值得注意,因为当投资者预计前景黯淡时,他们通常会涌入这些类型的股票。与度假或购买新家具的支出相比,看医生和用电量在紧要关头不太容易下降。高盛本月将美国第三季度经济增长预期从9%下调至5.5%,理由是面对新冠肺炎疫情,消费者支出放缓。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c59a8812aec48e76392174fb9dcf1d15\" tg-width=\"323\" tg-height=\"416\" referrerpolicy=\"no-referrer\">A drop in economic growth from its mid-2021 pace hardly presages a recession, which is the development that often spells the end of stocks’ advance. But rallies in these so-called defensive sectors can presage broader market retreats, investors say, potentially spelling out a fresh test for a market whose post-pandemic rise has surprised many stock-market bulls.</p><p><blockquote>经济增长较2021年中期的速度下降并不预示着经济衰退,而经济衰退往往意味着股市上涨的结束。但投资者表示,这些所谓防御性板块的反弹可能预示着更广泛的市场回调,这可能对大流行后的上涨令许多股市多头感到惊讶的市场构成新的考验。</blockquote></p><p> “When those sectors are doing well, as they’re doing now, that tells you that the market is bracing for either a slowdown in the economy or some sort of a correction in the broad market,” said Phil Orlando, chief equity-market strategist at asset manager Federated Hermes.</p><p><blockquote>首席股票分析师菲尔·奥兰多(Phil Orlando)表示:“当这些行业表现良好时,就像现在这样,这告诉你市场正在为经济放缓或大盘的某种调整做好准备。”资产管理公司Federated Hermes的市场策略师。</blockquote></p><p> The market has powered to new highs through the pandemic, bolstered by aggressive central-bank interventions, government stimulus and a vigorous earnings recovery. The U.S. economy exceededits pre-pandemic sizein the second quarter of 2021, with S&P 500 companies’ profits rising 92% from a year earlier, according to analyst projections on FactSet.</p><p><blockquote>在央行积极干预、政府刺激和盈利强劲复苏的推动下,市场在疫情期间创下新高。FactSet分析师预测,2021年第二季度美国经济将超过疫情前的规模,标普500公司的利润同比增长92%。</blockquote></p><p> But as Americans approach the second autumn of the pandemic with no end in sight, questions about the markets’ resilience are coming to the fore. The S&P 500 has advanced 20% this year and set 52 record closes—its highest number of records in a calendar year through the end of August, according to Dow Jones Market Data. Valuations have edged lower this year as earnings soared but remain at historically high levels.</p><p><blockquote>但随着美国人接近疫情的第二个秋天,而且看不到结束的迹象,有关市场弹性的问题正在凸显出来。根据道琼斯市场数据,标普500今年已上涨20%,并创下52项收盘纪录,这是截至8月底的历年最高纪录。随着盈利飙升,估值今年小幅下降,但仍处于历史高位。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/405655e1a7ebb892154ad21d45899036\" tg-width=\"339\" tg-height=\"423\" width=\"100%\" height=\"auto\">And the S&P 500hasn’t experienced a 5% pullbacksince October, the longest such respite since a stretch from June 2016 to early February 2018. When the market has declined, investors have seen it as abuying opportunity.</p><p><blockquote>自10月份以来,标准普尔500指数还没有经历过5%的回调,这是自2016年6月至2018年2月初以来最长的一次此类回调。当市场下跌时,投资者将其视为买入机会。</blockquote></p><p> “Economic and earnings growth will likely be very good for the third quarter, but less than the second and maybe a little less than was expected,” said Bob Doll, chief investment officer at Crossmark Global Investments, which manages about $5.8 billion.</p><p><blockquote>管理着约58亿美元资产的Crossmark Global Investments首席投资官Bob Doll表示:“第三季度的经济和盈利增长可能会非常好,但低于第二季度,可能略低于预期。”</blockquote></p><p> Crossmark in recent months bought shares of utilities and healthcare stocks and trimmed positions in consumer-discretionary and materials companies, he said.</p><p><blockquote>他表示,Crossmark近几个月购买了公用事业和医疗保健股票,并削减了非必需消费品和材料公司的头寸。</blockquote></p><p> The shift in sentiment has helped propel stocks such as utilityAmerican Water WorksCo., healthcare operatorHCA HealthcareInc.and grocery chainKrogerCo.to double-digit percentage gains in July and August.</p><p><blockquote>情绪的转变帮助推动公用事业公司American Water WorksCo.、医疗保健运营商HCA HealthcareInc.和杂货连锁店KrogerCo.等股票在7月和8月实现了两位数的百分比涨幅。</blockquote></p><p> Healthcare stocks have relatively attractive valuations, some investors say. The sector traded late last week at about 18 times its projected earnings over the next 12 months, compared with about 21 times for the S&P 500, according to FactSet.</p><p><blockquote>一些投资者表示,医疗保健股的估值相对有吸引力。FactSet的数据显示,该行业上周晚些时候的市盈率约为未来12个月预期市盈率的18倍,而标普500的市盈率约为21倍。</blockquote></p><p> The utilities group, meanwhile, traded at 20 times projected earnings, a more modest discount to the broad market, but boasts a dividend yield of 3%—more than double that of the S&P 500.</p><p><blockquote>与此同时,该公用事业集团的市盈率为预期市盈率的20倍,较大盘略有折扣,但股息收益率为3%,是标普500的两倍多。</blockquote></p><p> The recovery since last year’s market low has been marked by sharp rotations among favored groups of stocks. The energy sector was once hot. Now, it has lost ground this quarter, dropping 9.4% asoil prices retreated.</p><p><blockquote>自去年市场低点以来的复苏以受青睐的股票群体之间的急剧轮动为标志。能源板块一度火热。现在,随着石油价格的回落,该指数本季度下跌了9.4%。</blockquote></p><p> Early in the year, expectations for a powerful economic rebound helped propel value stocks totheir largest leadover technology and other growth stocks in two decades. Then, the spread of the Delta variant and lackluster economic data caused some investors to second-guess those wagers, and big tech once againmoved to the top of the market.</p><p><blockquote>今年早些时候,对经济强劲反弹的预期帮助推动价值股成为二十年来最大的科技股和其他成长型股。随后,德尔塔变异毒株的蔓延和低迷的经济数据导致一些投资者重新猜测这些赌注,大型科技公司再次登上市场榜首。</blockquote></p><p> Now, the economy is continuing to grow but at a slower pace than some had anticipated, leading to the move into defensive holdings.</p><p><blockquote>现在,经济继续增长,但增长速度低于一些人的预期,导致人们转向防御性持有。</blockquote></p><p> “I think the market is going to continue to plow forward,” said Stephanie Lang, chief investment officer at wealth-management firm Homrich Berg. “Investors are going to continue to come in and buy the dip.”</p><p><blockquote>财富管理公司Homrich Berg首席投资官斯蒂芬妮·朗(Stephanie Lang)表示:“我认为市场将继续前进。”“投资者将继续逢低买入。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.wsj.com/articles/stock-market-turns-cautious-as-defensive-shares-surge-11630229580\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.wsj.com/articles/stock-market-turns-cautious-as-defensive-shares-surge-11630229580","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153983574","content_text":"Utilities and healthcare are among the S&P 500’s top-performing groups this quarter.\n\nSome of the hottest stocks in the U.S. are pointing to an economic cool-down.\nUtilities and healthcare are among the best-performing groups in the S&P 500 so far this quarter, with gains of 7.8% and 6.6%, respectively, compared with a 4.9% rise in the broad stock index. Big winners include utilityNextEra EnergyInc.,NEE-0.48%which is up 14% this quarter, while shares of medical companyDanaherCorp.DHR0.24%are up 19%.\nThe gains are noteworthy because investors typically pile into those types of stocks when they are expecting the outlook to darken. Visits to the doctor and electricity use are less apt to decline in a pinch than spending on vacations or new furniture. Goldman Sachs this month cut its third-quarter U.S. economic growth forecast to 5.5% from 9%, citing slowing consumer spending in the face ofrenewed Covid-19 outbreaks.\nA drop in economic growth from its mid-2021 pace hardly presages a recession, which is the development that often spells the end of stocks’ advance. But rallies in these so-called defensive sectors can presage broader market retreats, investors say, potentially spelling out a fresh test for a market whose post-pandemic rise has surprised many stock-market bulls.\n“When those sectors are doing well, as they’re doing now, that tells you that the market is bracing for either a slowdown in the economy or some sort of a correction in the broad market,” said Phil Orlando, chief equity-market strategist at asset manager Federated Hermes.\nThe market has powered to new highs through the pandemic, bolstered by aggressive central-bank interventions, government stimulus and a vigorous earnings recovery. The U.S. economy exceededits pre-pandemic sizein the second quarter of 2021, with S&P 500 companies’ profits rising 92% from a year earlier, according to analyst projections on FactSet.\nBut as Americans approach the second autumn of the pandemic with no end in sight, questions about the markets’ resilience are coming to the fore. The S&P 500 has advanced 20% this year and set 52 record closes—its highest number of records in a calendar year through the end of August, according to Dow Jones Market Data. Valuations have edged lower this year as earnings soared but remain at historically high levels.\nAnd the S&P 500hasn’t experienced a 5% pullbacksince October, the longest such respite since a stretch from June 2016 to early February 2018. When the market has declined, investors have seen it as abuying opportunity.\n“Economic and earnings growth will likely be very good for the third quarter, but less than the second and maybe a little less than was expected,” said Bob Doll, chief investment officer at Crossmark Global Investments, which manages about $5.8 billion.\nCrossmark in recent months bought shares of utilities and healthcare stocks and trimmed positions in consumer-discretionary and materials companies, he said.\nThe shift in sentiment has helped propel stocks such as utilityAmerican Water WorksCo., healthcare operatorHCA HealthcareInc.and grocery chainKrogerCo.to double-digit percentage gains in July and August.\nHealthcare stocks have relatively attractive valuations, some investors say. The sector traded late last week at about 18 times its projected earnings over the next 12 months, compared with about 21 times for the S&P 500, according to FactSet.\nThe utilities group, meanwhile, traded at 20 times projected earnings, a more modest discount to the broad market, but boasts a dividend yield of 3%—more than double that of the S&P 500.\nThe recovery since last year’s market low has been marked by sharp rotations among favored groups of stocks. The energy sector was once hot. Now, it has lost ground this quarter, dropping 9.4% asoil prices retreated.\nEarly in the year, expectations for a powerful economic rebound helped propel value stocks totheir largest leadover technology and other growth stocks in two decades. Then, the spread of the Delta variant and lackluster economic data caused some investors to second-guess those wagers, and big tech once againmoved to the top of the market.\nNow, the economy is continuing to grow but at a slower pace than some had anticipated, leading to the move into defensive holdings.\n“I think the market is going to continue to plow forward,” said Stephanie Lang, chief investment officer at wealth-management firm Homrich Berg. “Investors are going to continue to come in and buy the dip.”","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1826,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/811046042"}
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