Trades You Missed: Currencies, Consumer Staples & More…
Jim Iuorio, director at TJM Institutional Services, and Bryan Piskorowski, managing director at Wachovia Securities, weighed in on the best places to invest now.
“There was a report earlier on that [China and Brazil] are considering using their own currencies instead of the dollar when they trade,” Iurio told CNBC.
ProShares UltraShort 20+ Year Treasury
Petrobras —“I like oil because of the inflation trade,” he said of the company. “And this trade would even work even in the gentler reflation scenario that several economists are predicting.”
SPDR Consumer Staples
iShares S&P Global Health Care
“Switch to high-quality areas,” said Piskrowski. “You should be looking at large cap high-quality growth names as a way to play in this market transition.”
No immediate information was available for Iuorio or Piskrowski.