-- Hedge funds are reversing their bearish stance on consumer stocks as the latest economic data and comments from the Federal Reserve revive bets on interest rate cuts.Xi Begins Europe Tour in Paris as Macron Seeks to Reset Ties
“Friday’s rip higher by rate sensitive mega cap stocks suggests rate hikes are off the table. For now,” said Mark Connors, head of research at 3iQ. “Lower rate expectations spurred short covering and new longs to consumer sensitive discretionary names.” But to Connors, that’s more a reaction rather than an indication of an enduring trend.
To Apollo Global Management Inc. chief economist Torsten Slok, the recovery continues to resemble the shape of the letter K. “Consumers with high-income households are benefiting from higher asset prices and solid cash flows from fixed income, and lower-income consumers are being more negatively impacted by higher interest rates weighing on households with higher debt levels,” Slok said in an email.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
स्रोत: BNNBloomberg - 🏆 83. / 50 और पढो »
स्रोत: BNNBloomberg - 🏆 83. / 50 और पढो »