The stock market’s “flight to crap” faces a big test this week
Analysts say continued outperformance of “low-quality” stocks may depend the July inflation report due tomorrow.
This week could be a crucial one for the “flight to crap,” the evocative moniker Interactive Brokers’ Steve Sosnick bestowed on the market-beating romp we’ve seen in what might be described as “low-quality” shares.
It’s always a bit tricky clearly identifying what we mean by “low-quality.” Sometimes you only know ’em when you see them.
