The already-depleted Sector Leaders list held up relatively well through Friday and Monday’s global sell-off, but investors should not be smug if some of their positions remain strong.
If the correction worsens, it will likely take everything down with it. That’s how serious corrections work. But no one knows what will happen next, so even investors on the sidelines need to watch for a turn. It comes at the most unexpected moment, and they need to be ready to buy, if only tentatively, or risk being left behind.