As the Federal Reserve prepares to release its interest rate decision on Wednesday, GLOBALT Investments senior portfolio manager Thomas Martin joins Wealth! to discuss his outlook on market dynamics heading into 2025.
Martin considers a December rate cut "certain," but emphasizes the uncertainty surrounding the monetary policy trajectory beyond this year. The current dot plot suggests four potential rate cuts in 2025, a scenario Martin believes could create a "higher for longer" environment and introduce market volatility.
Despite potential economic headwinds, Martin remains optimistic about market opportunities. "We still like growth and technology," he states, highlighting promising sectors including communication services and consumer discretionary.
For investors seeking specific opportunities, Martin recommends specific stocks including Broadcom (AVGO), Monolithic Power (MPWR), Spotify (SPOT), and Uber (UBER).
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
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This post was written by Angel Smith