It seems inevitable that we will see some political volatility in 2020, in light of Pres Trump’s impeachment - will this bring the "safe and secure" banking sector back into play?
Once the market starts to turn it will be time to look at the banks - steady profits growth and above average divident yields are invaluable.
There will be a time to look at "boring" stocks such as banking but I dont think that time is yet. Dont forget you get minimal interest on savings accounts so where can investors go? Property and the stock market?
Just when you think it may be time to look at more traditional investments such as banking and finance, markets push ahead again. The insatiable appetite for technology stocks must end at some point? The big question is - will it all end in tears?
This sharp pull back in the DJIA will see some investors looking to take profits on their tech investments and maybe look at more traditional companies such as the banks where there is a perhaps a greater degree of visibility going forwards?
The way things are at the moment I would look to take profits where you can and sit on cash for the moment - there could be a fair bit more downside. Also, if the virus came to and end tomorrow there is a hell of a lot of logistical issues to sort out.
