How Coronavirus Bit This Popular Stock Strategy
2020 will be a historic year, with the COVID-19 outbreak sparking an extremely fast and sharp stock market drop into bear market territory. Even after the losses that investors have seen, there's still plenty of uncertainty about what the future will hold. Even the blue chip stocks in the Dow Jones Industrials (DJINDICES: ^DJI) have suffered significant losses, with every single one of the 30 stocks in the average down for the year as of March 13.
Defensively minded investors have often turned to a simple strategy that's easy to follow and has often offered some protection from downturns in the past. But the coronavirus has been highly disruptive to many investing strategies. The Dogs of the Dow have a solid track record, but they don't win every single year, and at least so far, the strategy's ability to outpace the broader average in 2020 is in great doubt. Let's take a closer look to find out why.
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Source Fool.com
