Surveillance: Market History Shows It’s Time to Get Off the Sidelines
With the Fed nearing the end of rate hikes, it’s time to consider quality names
Invesco’s Brian Levitt says it’s not the time to be too defensive given the end of the Fed tightening cycle is approaching.
Photographer: Ting Shen/BloombergWith markets again betting that the Fed is going to have to hike rates either next month or in July given persistent inflationary pressures, investors who are (still) sitting on the sidelines would be right to ask if now is finally the time to get up off their chairs and put some cash to work.
Well, the time is here, or at least it’s close, said Brian Levitt at Invesco. “Any time inflation has peaked or come down or just about any time the Fed is done tightening you’ve done well as an investor over the next couple of years,” he said.