Reported 19 days ago
As the Federal Reserve embarks on its first interest rate cutting cycle in four years, Citi's head of US equity strategy, Scott Chronert, discusses the current 'transition phase' of the stock market. He notes that while the shift from a hawkish Fed signals a change, the market remains under restrictive monetary conditions. Chronert warns of potential downside risks for economically sensitive sectors as the market adapts to these new dynamics while navigating the upcoming Q3 earnings reports.
Source: YAHOO