Reported 19 days ago
Citi's head of US equity strategy, Scott Chronert, advises investors to use a barbell approach when dealing with the Magnificent Seven tech stocks following a recent Federal Reserve rate cut. He explains how sectors like real estate and utilities benefit from lower rates while emphasizing that while tech stocks have lagged, companies like Nvidia, Apple, and Microsoft are crucial for market performance. Chronert highlights the importance of holding these stocks despite decelerating earnings expectations.
Source: YAHOO