Post by
lithomon on May 09, 2022 12:52pm
Safe Haven Loblaw as Tech Wreck Continues
With Loblaw up markedly as the NASDAQ continues to crash, it is clear that money is flowing back to the old economy stocks, especially the likes of Loblaw & a select number of commodity and energy companies (i.e. including new energy stocks, Lithium energy etc with high oil price and high prices at the pumps).
In fact, some portfolio managers are purging a majority of their tech holdings.