Reported 12 months ago
Providence Financial president Anthony Saccaro suggests focusing on consumer staples, utilities, and real estate investment trusts to prepare for a potential recession in the upcoming quarters. Consumer staples and utilities are highlighted as defensive sectors that can pass on inflation costs to consumers, while real estate may pick up if interest rates decrease, offering potential high dividends. This expert advice aims to help investors navigate the market in the face of economic uncertainties.
Source: YAHOO