Posted 4/2/2024, 2:24:07 PM
Markets Cautious Ahead of Key Data; Quality Stocks May Be Resilient
- US equities appear uneasy ahead of economic data releases like ISM manufacturing and jobs reports
- Markets anticipating Federal Reserve policy decisions regarding interest rates in late 2024
- BlackRock strategist says quality stocks in healthcare, tech, communication services can perform despite rate cuts
- Earnings growth potential in areas like AI allows quality stocks to be resilient
- Expert suggests focusing on stocks with stable earnings outlooks rather than broader market action