This post really uncloaks your knowledge of investing. No offense intended.
The US market is propped by over valued tech companies in the NASDAQ. If the cost of borrowing increases - US sets the rate of international borrowing - there will be a rotation into defensives - utilities, fastfood, banks etc.
You would think 50% of the Magellan portfolio is already geared here (Hamish has stated it is 50% defensive) and will benefit from a potential huge rotation into these stocks.
Bonds and gold have got nothing to do with it.
Above is not financial advice and my opinion only.
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$9.71 |
Change
-0.105(1.07%) |
Mkt cap ! $1.755B |
Open | High | Low | Value | Volume |
$9.63 | $9.77 | $9.63 | $1.065M | 109.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 3372 | $9.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.71 | 2619 | 35 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 3203 | 9.700 |
21 | 4224 | 9.690 |
9 | 1565 | 9.680 |
11 | 7632 | 9.670 |
8 | 5557 | 9.660 |
Price($) | Vol. | No. |
---|---|---|
9.710 | 2847 | 38 |
9.720 | 2872 | 24 |
9.730 | 3508 | 12 |
9.740 | 4503 | 11 |
9.750 | 9571 | 9 |
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