Defensive And Consumer Stocks Are Coming Out Of Stage One Bases

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There has been a rotation going on in the markets out of big cap tech stocks and into defensive sectors and stocks this month.

It is something I saw happen in March of 2000.

That year the Nasdaq topped out, and many internet stocks peaked and then went to zero, but many defensive stocks came out of stage one bases and began new bull markets.

One example is Philip Morris.

If you put $15,000 into that stock that month you would be up over $1,000,000 in it today.

While the Nasdaq had a nightmare bear market from 2000 to 2003 shares of MO went up and up during those years and have continually been rising ever since.

I’m going to be focusing the next few weeks, in my Sunday updates, on stocks and sectors that have been in bear markets and are now coming out of them.