Reported 5 months ago
T. Rowe Price Global Head of Multi-Asset and CIO Sébastien Page shared his economic outlook in an interview with Market Domination Overtime, stating that markets may see a pullback with economic data decelerating, but expects healthy stocks and credit in the long term without a recession. Page advised investors to maintain a strategic asset allocation and risk tolerance, cautioning against loading up on risk or staying completely out of the market. He highlighted that the market is overly focused on the Federal Reserve's actions, reacting strongly to minimal changes in economic data. Page suggested a more neutral approach and diversifying investments across cash, credit, and large-cap value stocks due to upcoming AI productivity advancements.
Source: YAHOO