Value stocks offer opportunities with more attractive relative
valuations, which stand to outperform in a rising-rate environment.
EMs have benefited from the Fed’s hesitancy to move on rates because
this is keeping a lid on the U.S. dollar.
It stands to reason that a third straight month of strong jobs growth
might raise the odds of the Fed moving on short-term rates at its Sept.
Fed Chair Janet Yellen will address interest rates Friday from the
central bank’s annual meeting in Wyoming.
One of the biggest beneficiaries of a major infrastructure push would be
the municipal bond market, where, for several years now, strong and
growing demand by investors has greatly exceeded the available supply of