Ayako Yoshioka CFA®, Senior Portfolio Manager at Wealth Enhancement Group was featured by CNBC in “Nvidia earnings, Fed minutes on deck next week as Wall Street assesses interest rate outlook.”
Wealth Enhancement Group’s Yoshioka agreed that bonds offer a better relative value to equities at this point, saying investors can “play both sides a little bit” and extend duration to lock in higher rates. But she noted she would take any pullback in stocks — of about 5% to 10% — as an opportunity to buy back in. Eventually, she expects rate cuts will be a boon to small caps, which have underperformed this year. The Russell 2000 is up ahead just 0.7% in 2024.
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