Large-Caps May Provide Only Temporary Relief: Strategist
By: Anita Yadavalli
Anita Yadavalli
With the 10-year Treasury yield above 5%, large-cap stocks may provide a haven, but not for long, said Miller Tabak Equity Strategist Peter Boockvar on "Morning Call."
"Large-caps, relatively speaking, may be a place to hide, but if the market's going down, everything's going down," Boockvar said.
He likes the agriculture, precious metals, industrial metals, and energy sectors.
Montgomery Brothers Chairman & Managing Director Frank Cappiello likes such large-caps as including Conoco Phillips , Microsoft , American International Group .
With the 10-year Treasury yield above 5%, large-cap stocks may provide a haven, but not for long, said Miller Tabak Equity Strategist Peter Boockvar on "Morning Call.""Large-caps, relatively speaking, may be a place to hide, but if the market's going down, everything's going down," Boockvar said.