Reported about 2 months ago
In a discussion regarding recent jobless claims and retail sales data, Keith Buchanan, a senior portfolio manager at GLOBALT Investments, shared his insights on the potential for interest rate cuts by the Federal Reserve. While he acknowledges a market bounce, Buchanan advises caution and highlights a shift away from large-cap stocks due to market unbalance. He expresses skepticism about the Fed's capacity to implement dramatic rate cuts, suggesting a more measured approach with 25 basis point reductions in upcoming meetings.
Source: YAHOO