But even if the act of investing, in Lynch’s view, remains largely unchanged, the Wall Street backdrop has shifted dramatically, and not only in the number of companies available for investment. “The market bottom in ’82 was 777” for the Dow industrials DJIA, he said. “So we’ve had an incredible market since ’82, [and] we’ve had 10 or 12 declines — maybe a few more.” What is investing in consumer sector revival? Retail giants reported strong Q2 sales, aided by higher disposable income and stable wage growth. Consumer discretionary ETFs have gained 5% in the last month, suggesting positive momentum into Q What is investing in defensive sectors as hedge against uncertainty? Utilities and healthcare have provided stable dividends amid market fluctuations. Year-to-date yields remain above 4%, attracting long-term income-focused portfolios.