Precious metal miners have climbed to the top of the rankings in an impressive fashion. This has been a persistent and growing trend over the last few weeks as Gold climbs to all time highs in the face of uncertainty in risk markets.
But it's not just these stocks showing relative strength. Insurance $IAK, for instance, has barely budged while U.S. stocks have aggressively sold off.
Broadly speaking, seeing rotation into these less growth-oriented industries makes sense as apart of a more defensive rotation. Insurance has exhibited less volatility, which could make it attractive for those looking for more stable equity market exposure in a volatile tape.
