The bond market sell-off (^TYX, ^TNX, ^FVX) appears to be moderating, prompting investors to reassess their strategies. Wells Fargo Investment Institute global market strategist Gary Schlossberg joins Morning Brief to share his investment outlook. Schlossberg recommends investors focus on cyclically sensitive sectors of the market, "things like financial services, communication services as well, just given the inherent strength there. Industrials, energy," he advises, while suggesting investors avoid defensive sectors. Looking ahead, Schlossberg sees potential opportunities in smaller companies: "Ultimately, we’ll be positioning for a shift towards neutral in small-caps (^RUT) if that growth recovery materializes as we think it will." He points to third-quarter earnings as evidence of broader market growth momentum.
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