Just when investors thought this time just might be different, volatility came back in the door. A few words from Federal Reserve Chair Jerome Powell and heavier-than-expected capital expenditure guidance from some of the key hyperscalers stopped the stock rally in its tracks.
That’s triggering a flight to safety for some investors. Safety means different things to different investors, but in many cases, it’s about shifting from growth-dominant stocks to ones that offer more value. These aren’t names like NVIDIA (NASDAQ: NVDA) or Microsoft (NASDAQ: MSFT), and certainly not the no-revenue speculative stocks.
