There are two broad categories of Wall Street strategists at the moment. On one hand are those like BofA Securities U.S. quantitative strategist Savita Subramanian, who believe that a new market cycle is underway with an extended rally just beginning. Others, like UBS’s global strategist Andrew Garthwaite, believe that markets are overestimating future economic growth and that a slowdown is ahead.
Mr. Wilson’s solution for investors is to own the high-quality cyclical stocks that will outperform in a “no landing”, no U.S. economic slowdown scenario, as well as high-quality growth stocks that should perform well in a shallow slowdown environment.
Source: News Formal (newsformal.com)
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