This 5% Dividend Will Bounce on the Rising-Rate Scare

We’re contrarians first and foremost here at Contrarian Outlook, so when we hear the latest “sure thing” from the mainstream crowd, we get more than a little suspicious. So it goes with the recent round of selling on the stock markets, which has been driven by the “certainty” that interest rates will skyrocket, and higher rates will crush demand for stocks, especially the tech stocks that have driven the market’s rebound from the March 2020 crash. Does this view stand up (sneak preview: no)? And what should we contrarians do in response (sneak preview: buy what everyone else is selling—particularly through a group of funds sporting some very impressive dividend yields).… Read more