Growth stocks may have faltered, but they are likely to resume their lead over value plays heading into the elections, CFRA's Todd Rosenbluth said.
are poised to climb and resume their lead over value, Rosenbluth said.
"We think that growth is going to outperform as we head into the election," Rosenbluth said. "We need interest rates to climb higher for value strategies to do well." In general, Rosenbluth said CFRA took a "barbell approach" to investing. The firm recommends being overweight the information technology and communications services sector for the growth side of the equation, and having strong positions in the health-care and consumer staples sectors as defensive plays.
"People are starting to feel as if the deflation cycle is coming to an end and we'll start to see inflation picking up. Or at least with rates, they don't have to move aggressively higher, they just can't move lower. So I think the two of the three drivers that we've seen for the underperformance of value are starting to have cracks in the armor," Grasso said in the same "ETF Edge" interview.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Richer Poorer cofounder and CEO on how to identify core value product - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Exclusive: Canada looks set for a fight over C$1 billion compensation for Huawei gearCanada is signaling it might not compensate major telecommunications providers if the federal government bans equipment made by China's Huawei from 5G networks, setting up a potential fight over a bill that could hit C$1 billion ($758 million).
Read more »
Billionaire Michael Bloomberg plans to spend $100 million to help Biden in FloridaBloomberg, whose net worth is estimated at more than $50 billion, spent about $1 billion on his own failed Democratic primary bid before dropping out and immediately endorsing Biden.
Read more »
The World’s Highest-Paid Soccer Players 2020: Messi Wins, Mbappe RisesLionel Messi’s contract drama ended with the Barcelona star sealing the deal as soccer’s second $1 billion earner, but a 21-year-old Frenchman is poised to steal the show.
Read more »
The World’s Highest-Paid Soccer Players 2020: Messi Wins, Mbappe RisesLionel Messi’s contract drama ended with the Barcelona star sealing the deal as soccer’s second $1 billion earner, but a 21-year-old Frenchman is poised to steal the show.
Read more »