Benchmark interest rates may be slow to come down, meaning mortgages and loans are going to cost more. But there are stocks that investors may want to take advantage of while they’re still cheap. GLOBALT Investments Senior Portfolio Manager Keith Buchanan joins Wealth! to discuss buying opportunities in a higher-for-longer environment.
As rate cut outlooks continue to shift, Buchanan claims the last mile for inflation will be "stickier" and "more difficult." Buchanan currently favors low-duration assets, as high-duration assets have more volatility when interest rates move. The portfolio manager also recommends value assets on the equity and fixed-income sides.
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