FED FOCUS: UNSUNG SECTORS
The headline: What Will The Fed's Meeting Mean For Utilities, Industrials, Healthcare, And Technology?
Guy Adami recommends buying Public Service Enterprise Group (PEG) because utilities do well in a lower interest rate environment.
Mike Darda, Chief Economist and Director of Research for MKM Partners reveals that he’s currently bullish on energy, materials, industrials and technology.
By contrast, he’s not a fan of the more defensive sectors such as healthcare and consumer staples. Darda anticipates The Dow will move higher long term.
He adds if investors want to get long financials he thinks they should marry it to Treasury Inflation Protected Securities or TIPS.