Buy Defensively on Market ‘Dips’: Strategist
Despite the continuing market rally, Rob Morgan of Clermont Wealth Strategies suggested that investors should still remain cautious.
“I wouldn’t get caught up too much in the euphoria,” Morgan told CNBC. “I would be buying on dips. And I would stay with more defensive bets here.”
His defensive bets include the following sectors:
“Stocks are so cheap that the expectations are so low that we will start to see some upward traction,” said Morgan on the health care sector.
“Some of the areas like biotech and HMOs look somewhat attractive,” he added.