Stocks started the week on an upbeat note as investors gear up for third quarter earnings. With the next Federal Reserve meeting less than a month away investors are still debating if there will be a recession or if the central bank can pull off a soft landing. Thrivent CFO & CIO David Royal joins Yahoo Finance to discuss his theory as to why, despite current headwinds, the U.S economy is ready for a “”slow take off.””
Royal gives a suggestion for investors to keep their eyes on if he’s correct: “”Areas that we find attractive in this market, if I’m right and we are going through a slow take off, and we avoid a recession in 2024, you want to be in some more of the cyclical names, and one area that I think is attractive is small caps (^RUT). They’re historically undervalued compared to large caps, they have more leverage…which means they would do well in a strengthening economy.””
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#economy #fed #yahoofinance
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