Mikkel Rosenvold
40 weeks ago

Expert: These stocks sectors will perform well if inflation sticks throughout 2024

Which stocks should you buy if inflation remains high in 2024?
Stock
Stock

The inflation crisis of 2021-2022 was expected to be over and things normalized going into 2024. But especially US inflation seems to be sticky and that leads to interesting trends for stock sectors.

Expert Andreas Steno explains: "We have never seen a recession in the US economy with conditions as easy as now and there are on the contrary signs of an improving cyclical economy instead.

Other regions, such as Japan, the UK and the Euro zone have seen “bread and butter” recessions in recent months, which makes the inflation battles somewhat more serious and stubborn. This will likely also be visible in USD inflation spreads versus peers in coming months.

Maybe the best way to trade this environment, is to continue to bet on a reflationary USD market environment relative to peers in Europe?"

Which trading bets might be beneficial in this environment?

Andreas Steno continues: "Stocks within industrials and materials look damn cheap in equity space, if the cyclical improvement continues. We will look to add exposure in these cyclical sectors in the coming weeks."

On the other hand, stocks within information technology (such as tech companies) are looking a bit overpriced in this scenario.

Read the entire analysis right here: https://stenoresearch.com/steno-signals-87-inflation-is-back-position-accordingly/

Disclaimer

The information provided by this Site is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.

More News

24 weeks ago Analysis: New Debate Rules Favor Biden New rules announced for the June 27th debate between Joe Biden and Donald Trump serves the President well.
24 weeks ago StanChart Becomes Among the First Global Banks to Launch Spot Crypto Trading StanChart breaks new ground by launching spot trading for Bitcoin and Ether, leading the charge among global banks in the cryptocurrency space.
24 weeks ago Crypto, Currently: June 21, 2024 - Market Bears Down on Major Cryptos Daily update on the five cryptocurrencies, we consider the most interesting right now.
24 weeks ago FX Daily: June 21, 2024 – Forex Market Update Daily update from the foreign exchange markets.
24 weeks ago Amazon Plans To Make Largest Reduction of Plastic Packaging in North America To Date Amazon's response to mounting criticism over its plastic waste with a new reduction plan.
24 weeks ago Ex-OpenAI Chief Scientist Ilya Sutskever Launches New Company Amid Criticism of ChatGPT Parent's Board Appointments Ilya Sutskever, former chief scientist at OpenAI, has co-founded a new company, Safe Superintelligence Inc., amidst ongoing scrutiny of OpenAI’s recent board appointments.
24 weeks ago FX Daily: June 20, 2024 - Mixed Movements in Global Currency Markets Daily update from the foreign exchange markets.