Bloomberg
A downturn is coming, and investors should eye three sectors that have priced it in, Binky Chadha told CNBC.
Consumer cyclicals, financials, and materials have priced in a potential recession, the Deutsche Bank stock strategist said.
“If a lot’s already priced in, then if it happens, the risk-reward is still positive. ”
Some sectors of the stock market have already priced in an economic slowdown, and investors should pile in as a downturn is coming in the first half of this year, Deutsche Bank’s top stock strategist said.
Speaking with CNBC on Friday, Deutsche Bank’s Binky Chadha said markets have been nervous about a possible recession in the first half of 2024, and investors should use that to their advantage.
“What you want to think about is what’s priced in, basically across sectors and industry groups for recession,” he said. “If a lot’s already priced in, then if it happens, the risk-reward is still positive.”
Pockets of the market that are already pricing in a coming…
2024-01-05 22:39:04
Article from finance.yahoo.com
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