Reported about 1 year ago
With Wall Street awaiting the Consumer Price Index (CPI) data for May, Bank of America's Ohsung Kwon discusses how equities can handle higher rates in the face of strong growth. Kwon believes that if CPI softens, it would be the best-case scenario for equities, as long as inflation remains moderate and growth stays robust. He suggests investors focus on the bigger picture to position themselves well, pointing to financials as a promising sector due to strong fundamentals and potential relief from deposit pressure if the Fed stops hiking rates.
Source: YAHOO