Article source: ConstructConnect

With the Federal Reserve putting on a grim face and expressing a firm resolve to keep pumping up interest rates, September was an especially bad month for share price performances in the U.S. and elsewhere.

Taking the brunt of the carnage have been high-tech stocks. The NASDAQ index, at the close of this year’s third quarter, was -34.8% from its 52-week high (in other words, down by more than a third) and -26.8% on a year-over-year basis.

But NASDAQ hasn’t been alone in sorrow. The DJI and S&P 500 have also had little to cheer about. They’re both now in ‘bear’ territory, being -22.3% and -25.6% respectively from their 52-week highs. (A ‘bear’ market is a decline of -20% or more from peak.)

The valuations of some of the world’s biggest tech companies (e.g., Netflix and PayPal) have taken deep dives. Wishing to turn away from the negative, though, pushes one question to the forefront. Are there any sectors where equity prices remain rewarding?
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