Today’s markets are slightly sluggish but definitely optimistic, said Uri Landesman, head of global growth at ING Investment Management. (See below for his portfolio recommendations.)
“S&P 500 at 870 will be the floor,” Landesman told CNBC. “It’s not very far from here and that makes the upside/downside risk/reward potential of the markets very attractive.”
He said he is a fan of the cyclical sectors and recommended the following areas for investors:
Consumer Discretionary such as: Retail and Media
No immediate information was available for Landesman or his firm.
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