US Equities (^GSPC, ^DJI, ^IXIC) are trading higher on Thursday morning as the market reacts to the Summary of Economic Projections. Also known as the Fed dot plot, the projections were released following the Federal Open Market Committee’s (FOMC) Wednesday meeting. The data revealed that nine of the members believe three interest rate cuts will occur by the year’s end.
Truist Co-Chief Investment Officer and Chief Market Strategist Keith Lerner joins Yahoo Finance to give insight into the bull market.
Despite trading occurring at record highs, Lerner signals there are still many entry points into the market: “We still like tech, we still like communications, we like financials which are at a new high but still well below where they were several years ago. There are pockets of opportunity, the equal weight S&P also just broke out to a new high but didn’t do anything for a few years. Also, neutral small caps, but I will say that is a cheap area of the market that you could also see some catch-up there as well.”
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor’s note: This article was written by Nicholas Jacobino
