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.

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Stock Forecasts

XLPView XLP chart on TradingView

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.

XLFView XLF chart on TradingView

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.

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