如今，富国银行将其防御性投资组合重新定位为：将各20%的资金配置到医疗保健板块和公用事业板块，以提高利率敏感性。该行表示：“我们认为，由于美联储的政策转向和美国经济放缓，利率基本上是有上限的，而且正在下降。”On Friday, Wells Fargo & Co stated that the financial market should hit the brakes on the idea of the Great Rotation, and the bank believes that what is happening is an oversold rebound, not a market rotation. The bank's stock analyst, Christopher Harvey, said, "We believe that the Great Rotation requires lower interest rates and optimistic earnings. June CPI data is expected to bring lower interest rates, but the concern about earnings persists." "What we are seeing is an oversold rebound, not a market rotation. The best risk/return seems to be higher interest rate sensitivity." Wells Fargo & Co also added, "If we see the stock market stop falling due to bad news, we will accept the idea of rotation. At present, we still have concerns about earnings, especially in the small and medium-sized stock sectors."$Delta Air Lines (DAL.US)$We are seeing an oversold rebound, not a market rotation. The best risk/return seems to be higher interest rate sensitivity.
Wells Fargo & Co added, "If we see the stock market stop falling due to bad news, we will accept the idea of rotation. At present, we still have concerns about earnings, especially in the small and medium-sized stock sectors."
At the beginning of this year, Wells Fargo & Co advised investors to allocate 60% of their funds to index ETFs such as $XLC.US$ (Communication services sector) and 30% of their funds to index ETFs such as $XLV.US$ (Medical care sector), and 10% of their funds to Wells Fargo & Co to provide upward participation and downward protection.$The Communication Services Select Sector SPDR® Fund (XLC.US)$index ETFs like $XLV.US$ (Medical care sector)$The Health Care Select Sector SPDR® Fund (XLV.US)$because this strategy provides upward participation and downward protection.$Utilities Select Sector SPDR Fund (XLU.US)$Wells Fargo & Co now relocated its defensive investment portfolio to allocate equal funds to both the Medical care and the Utilities sectors, each accounting for 20% of the portfolio, to increase interest rate sensitivity. The bank said, "We believe that interest rates are basically limited and falling due to the Federal Reserve's policy shift and the slowdown of the US economy."
Editor/new
