Sectors to Consider and Avoid After ECB's Surprise Stance
Stephen Freedman, Senior Investment Strategist at UBS, shares his insight on how the ECB's actions may play in your portfolio.
The European Central Bank is taking an aggressive stance to stimulate its economy. U.S stocks rallied while Treasury prices fell on news the central bank cut its key interest rates and committed to a bond buying program. Stephen Freedman is the Senior Investment Strategist at UBS and shared his insight on how the ECB's actions may play in your portfolio. Freedman says ECB's actions are moderately positive for the economy.' Freedman says he still prefers U.S. equities over eurozone equities. He's overweight Technology, Industrials, Financials. Freedman is underweight Consumer Discretionary, Consumer Staples and Utilities.
