Still don't see the market as a whole as attractively priced. S&P 500 P/E ratio of 22 is still way above historical norms (average or median). http://www.multpl.com/
That said, there's almost always a bear market somewhere that's good for shopping. At various times during this year, utilities, REITs and consumer staples have been attractively priced. Perhaps Telecom and Financials (community banks especially) are the next value sectors. Don't think Tech is quite there, as the current decline is a tiny blip on a multi-year chart of FAANG outperformance. Not super interested in Industrials, Materials, or Consumer Discretionary this late in the business cycle. It's always carnage when the cycle turns, profit warnings hit, and the E part of that forward P/E you were counting on is suddenly a lot smaller.
That said, there's almost always a bear market somewhere that's good for shopping. At various times during this year, utilities, REITs and consumer staples have been attractively priced. Perhaps Telecom and Financials (community banks especially) are the next value sectors. Don't think Tech is quite there, as the current decline is a tiny blip on a multi-year chart of FAANG outperformance. Not super interested in Industrials, Materials, or Consumer Discretionary this late in the business cycle. It's always carnage when the cycle turns, profit warnings hit, and the E part of that forward P/E you were counting on is suddenly a lot smaller.