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...This is causing many strategists to recommend increased exposure to infrastructure-related industrial companies, especially those dedicated to renewables and the infrastructure supporting them.

While all this is going on, market participants are evaluating the Fed actions of a pause, cuts, or additional increases. In late June, Federal Reserve Chairman Powell indicated that policy rates can be increased in both July and September if inflation does not start slowing down. My personal reading of Powell’s comments is that he wants to maintain flexibility. He was pushed on the notion that the Fed may consider raising rates at every other meeting, but it seems that he does not prefer to be boxed into a specific strategy. As one involved in the management of portfolios, being hemmed in is not a proper strategy because as markets change and evolve, Powell needs to have the flexibility to change and evolve with the data... Read Full Article Here