Market is underpricing Fed rate cut potential: Strategist

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Fed Meeting,Rate Cuts

The Federal Reserve's highly anticipated decision on interest rate cuts is set to come Wednesday, leaving investors on the edge of their seats. Manulife...

is set to come Wednesday, leaving investors on the edge of their seats. Manulife Investment Management Chief Investment Officer and Senior Portfolio Manager Nathan Thooft joins Market Domination Overtime to share his outlook on the Fed's impending move.

But as Julie was saying a lot, you know, you're gonna have that focus on rate projections on PS commentary.But the reality is if you're gonna make a shift in the dot Plot, you're gonna have to make a shift in some of your assumptions that go in to feed that dot plot, right?And so in order to lower the number of projections for quarter point cuts this year from, let's say three to maybe 1.5 or two.

They actually have a lot of flexibility to do quite a few cuts before they actually become restricted. And so, so given that kind of backdrop made you look across the stock market right now, what looks attractive, where do you want to be invested? We are seeing positive earnings revisions, not only in the US, but outside the US, we're seeing quality of earnings still be very good.

Another major Tesla investor is publicly opposing Elon Musk's $56 billion pay package days before investors vote on the enormous figure.Nvidia was falling on Monday after its stock split, although two Wall Street analysts believe the chip maker’s valuation will keep climbing. Nvidia’s 10-for-1 stock split took effect after Friday’s closing bell.

 

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