TRADE WAR ESCALATION PUTS INVESTORS IN A DEFENSIVE STANCE
Jun 01, 2019
2 minutes
An unexpected escalation in the trade war between the U.S. and China jolted investors into a defensive position in May.
Safe-play sectors including utilities and consumer staples held up better than others and bonds gained ground this month as investors shifted their money into traditionally less risky holdings. Technology and other cyclical stocks pulled back after surging all year.
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