Hugh Johnson Says Add Defense to Bull Strategy (Audio)

Hugh Johnson, chairman and chief investment officer at Hugh Johnson Advisors, says with stocks set to rise another 6% by the end of this year, and bonds to return just 2%, equities are the place for investors to be right now. However, as the Federal Reserve gets ready to start raising rates next year, he advises making a “nudge” to defense, e.g., underweight consumer discretionary, overweight healthcare. Johnson speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.

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