We expect the high beta sectors like metals, realty, power, and high-quality mid-caps and small-caps to outperform current levels. The small-cap index is on the verge of the 200-day average breakout and could see sharp outperformance as it is still trading 20% away from its 52-week high.
Fed Governor Michael Barr signals more rate hikes needed to tame inflation
Federal Reserve Governor Michael Barr announced that additional rate hikes may be necessary to manage inflation. He indicated that while economic growth is strong, inflation