A chief market strategist explains why a recession won't hit anytime soon — and why investors should focus on underperforming sectors right now instead of hot tech stocks
StoneX's Kathryn Rooney Vera believes that investors are prematurely optimistic about rate cuts.She explained why investors should prepare now for a recession by buying underperforming sectors.Federal Reserve's decision to hold interest rates steadyBut according to StoneX's Kathryn Rooney Vera, investors may be getting a little too far ahead of themselves.
In fact, Rooney Vera believes that the US's economy, labor market, and consumer activity are currently too robust to even consider easier monetary policy. Until consumption and wages begin to weaken, inflation isn't likely to trend lower.
For investors with a short time horizon, Rooney Vera recommends looking at the smaller-cap laggards that have yet to play catchup to the artificial intelligence rally.
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