The U.S. economy is on a steady march forward with supportive monetary policies and a limited risk of recession despite geopolitical risks amassing abroad, said Alan Gayle, Senior Investment Strategist at Ridgeworth Investments. Gayle said he is bullish on pro-cyclical sectors including technology, industrials and financials. Meanwhile, he said he is underweight utilities and staples even though they have had strong first half runs. Finally, he said the longer term trend in yields will be higher so he favors high quality corporate bonds over Treasuries.

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