The recent market correction is just a rude awakening for market participants, reinforcing the notion that “what goes up must come down”. With the toppish equities market imploding from extreme valuations, those that had chased the market at the high would have found themselves caught in a spectacular fall.
The seismic shift from Growth to Quality – as we mentioned in past webinars – is currently underway. Investors are now flocking from high-flying stocks of yesteryear to high-quality equities.
If anything, the recent temper tantrum we witnessed in the market is a warning sign that investors should buckle up.