If one looks at the undervalued pockets, at least the sectors which are fundamentally good over the long term, but have underperformed in the near term, the private sector banks would come into mind, even though earnings growth is likely to slow down, I think the underperformance has possibly been a bit overdone there.
Fed likely to hold rates, no cuts before September: Matt Orton
Matt Orton from Raymond James Investment suggests that manageable tariff ranges and strong Q2 earnings are fueling optimism in US markets. While oil price stability
July 29, 2025