Reported 27 days ago
As the Federal Reserve prepares for its anticipated interest rate cut, Wells Fargo's Scott Wren advises investors to shift strategies by taking profits from bonds and reallocating to equities, particularly favoring the S&P 500. Wren suggests that while small caps might benefit, large caps are still preferable, with energy and communication sectors offering attractive opportunities. He emphasizes the importance of capitalizing on lower stock prices in light of expected market movements.
Source: YAHOO