BNY Strategist Warns Renewed Rates Volatility Could Pressure US Equities
BNY strategist David Tam warns that a rise in the MOVE Index could pressure U.S. equities, especially technology and growth sectors. He advises reducing equity exposure and shortening portfolio equity duration.
David Tam, a strategist at BNY, has cautioned that a renewed increase in rates volatility, tracked by the MOVE Index, may weigh on U.S. equities. Technology and growth segments are seen as particularly vulnerable.
Tam suggests that investors could need to cut equity exposure, shorten portfolio duration, and shift toward defensive positions.
Source: FXStreet Forex News