Thomas Atteberry, analyst and portfolio manager for First Pacific Advisers, told CNBC’s “Power Lunch” that investors might consider large-cap, multi-national companies when picking stocks.
“Try to stay away from the financial sectors of the market because they’re very exposed to the consumer,” Atteberry said Tuesday.
He said inflation remains out of the Federal Reserve’s “comfort zone” and he therefore expects interest rates to remain at about the current level of 5.25%.