Steve Higgins

ContactSteve Higgins has been a journalist for more than 25 years and has extensive experience covering business, the economy and personal finance. He spent 12 years as a business reporter for daily newspapers in Arizona, Florida, Georgia, and Connecticut, followed by 12 years as an editor, most recently as business editor of the New Haven Register in Connecticut.
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Fidelity Analyst Sees Upside For Stocks Going Into Third Quarter As Macro Concerns Subside edit
Tuesday, July 19, 2011 12:52

Tags: bonds | oil | stocks | U.S. economy

Moderating oil prices and the successful end of quantitative easing should give stocks a boost in the third quarter, according to Lisa Emsbo-Mattingly, Fidelity’s director of asset allocation research.

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Unsettling issues remain, from the euro crisis and the debt-ceiling talks to the direction of China’s economy. But with two major economic concerns resolving themselves, downward pressure on stock prices should ease, Emsbo-Mattingly says in her quarterly market perspective.


“With consumer spending picking up, I could see retailers and consumer durables doing well,” she writes. “Many consumer cyclicals could also benefit. If Chinese officials can get the balance right between inflation control and growth, this could also translate into gains for industrial and materials companies.”


Stocks appear to have more upside than fixed-income heading into the third quarter, she concludes.
 

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