Stock markets (^DJI, ^IXIC, ^GSPC) are still uncertain about when a Federal Reserve rate cut might materialize in 2024. Savita Subramanian, BofA Securities head of U.S. equity strategy & U.S. quantitative strategy, shares her outlook on Market Domination.

Subramanian says that "the idea that the Fed is going to be cutting demonstrably this year is still up for grabs," noting that more economic data is needed. She predicts a rate cut will come toward year-end. Despite this uncertainty, she states she is not worried about large-cap companies.

"I think larger companies learned their lessons from the financial crisis," Subramanian told Yahoo Finance, highlighting financials, energy, and industrials as sectors that have taken advantage of low rates. "Even if rates just creep a little lower from here, I think we're in an environment where... the S&P 500 looks pretty well positioned," Subramanian adds.

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This post was written by Angel Smith