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It isn’t just a technology selloff in emerging markets. It’s a full-fledged rotation away from cyclical stocks and into defensive ones.
Stock Rotation Comes to Emerging Markets as Defensives Take Lead
published Apr 3, 2018 6:00:00 PM, by Srinivasan Sivabalan (Bloomberg) — It isn’t just a technology selloff in emerging markets. It’s a full-fledged rotation away from cyclical stocks and into defensive ones. Let’s bust that jargon: Companies whose fortunes are closely tied to economic growth, such as those making car