Rising bond yields clobbered stocks in September, but some market watchers expect that the turbulence could be a good setup for investors betting on companies that can weather an economic downturn.higher for longer, they have not yet accepted the likelihood of a recession.
It’s an unusual conclusion to a sustained period of aggressive rate hikes by the central bank over the past 18 months. A hard landing characterized by recession and rate cuts are more in line with history. But Mr. Schulze argued that even a deceleration of U.S. economic growth, without a recession, will likely weigh on bond yields.
Still, declining bond yields could bring relief to the stock market. In particular, Mr. Schulze believes that a retreat will boost the appeal of economically defensive stocks – including utilities and U.S. health care companies, which don’t need a vibrant economy to thrive.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »