BMO Capital is bullish on small and medium-sized stocks: attractive valuations and usually perform better during the Fed rate-cutting cycle.
BMO Capital Markets Chief Investment Strategist Brian G. Belski stated in a report that the valuation background of small and mid-cap stocks remains attractive for investors seeking to increase exposure.
Goldman Sachs bets that the Federal Reserve will cut interest rates six times in a row! A graphical interpretation of Wall Street investment banks' latest interest rate forecasts.
①Among the investment banks that have recently updated their forecasts, without exception, all generally expect the Fed to cut interest rates by 25 basis points next month; ②In their year-end outlook, only Citigroup believes that the Fed's December meeting may once again cut rates by 50 basis points, while other investment banks all expect the rate cut at the December meeting to remain at 25 basis points.
Daily Roundup of Key US Economic Data for Oct. 16
September US Retail Sales Expected to Rise 0.3%, Ex-Auto Seen Up 0.2%
September US Industrial Production Expected to Decline, Led by Drop in Manufacturing Production
The U.S. Economy Looks Like It Will Dodge a Recession. Why Stocks Could Still Fall. -- Barrons.com