Analyst Says U.S. Large Caps Look Good Amid Sub-Prime Mortgage Woes
Quincy Krosby, chief investment strategist at The Hartford, told CNBC’s “Squawk on the Street” that the market is keeping an eye on possible fallout from the troubled subprime mortgage sector.
“I think that’s what the market is bracing for -- if the collateral damage erodes overall economy, GDP and moreover confidence and liquidity,” she said Monday.
Krosby said she’s keeping an eye on U.S. large cap companies that earn a significant portion of their revenue from exports, including consumer staples, technology and energy.
“The whole story with China is that they are growing and even if they slow down, the growth is going to be substantial,” Krosby said.