As the conflict in the Middle East rages on and investors wait for the next catalyst to either set in motion a dramatic rebound in the sharemarket or a prolonged period of volatility, strategists are starting to recommend a new trade: “HALO” stocks.
Defined as companies with “heavy assets and low obsolescence”, it was coined by Josh Brown, the chief executive of Ritholtz Wealth Management in the US last month, and is referring to “old economy” stocks that have little exposure to the Iran war or are at risk of artificial intelligence disruption.
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