Marko Kolanovic — and there are a handful of stock sectors that investors should look to for protection as the economic outlook becomes murkier. a soft landing materializing,
"With developed market central banks unlikely to ease near-term, ongoing quantitative tightening and our base case for macroeconomic slowdown, multiples look too high," Kolanovic said."We disagree with the market's expectation that soft landing is the most likely outcome." On a year-to-date basis, the total of high-yield and loan defaultsand is on track to be the market's third largest annual default total, according to the note.
In addition to cash and commodities, Kolanovic said investors should look to"pure defensive" stocks to outperform in the second half of the year.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market outlook: rates to re-emerge as threat to stocks, BofA saysBank of America analysts warn that the re-emergence of high US rates may pose a risk to the equity market, as higher yields were a major driver of S&P downside in 2022.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »