I don't think the Fed 'has the data they like': Keith Fitz-Gerald | Fox Business Video
Keith Fitz-Gerald, Chief Investment Officer of Fitz-Gerald Group, expresses skepticism about the Federal Reserve's data and its impact on their decision-making regarding interest rates. He highlights that the current economic indicators may not support the Fed's anticipated rate hike, leading to uncertainty in the markets. Fitz-Gerald also shares his top stock picks, suggesting potential investment opportunities amid the ongoing economic shifts.
Stock Forecasts
XLP
Positive
Given the uncertainty around the Fed's decisions and potential market volatility, investors should consider defensive stocks or ETFs that are less sensitive to interest rate changes. Additionally, sectors like utilities or consumer staples may perform better in this environment.
XLF
Negative
As the Fed's rate decisions can have a significant impact on financial stocks, there may be negative sentiment around banks, especially if the anticipated rate hikes don’t materialize. Investors may want to approach bank stocks with caution.
Related News
Here’s the deflation breakdown for September 2024 — in one chart
Oct 11, 2024, 1:58 PM
Prices in segments of the U.S. economy, like some imported goods, consumer electronics and gasoline, have deflated since September 2023.
JPMorgan touts 'soft landing' possibility after better-than-feared earnings
Oct 11, 2024, 11:03 AM
Profits at JPMorgan and Wells Fargo both fell from the year-ago period, but those declines were less than what analysts expected.
Stock market today: Stocks rise amid big bank earnings, inflation data
Oct 11, 2024, 10:21 AM
JPMorgan and Wells Fargo get earnings season going in earnest while a wholesale inflation print is in focus after the CPI surprise.