Cyclical stocks may be in for a bumpy ride in 2022, as inflation concerns persist and the multiple rate hikes appear imminent, strategists forecast.
“I think it’s not going to be a smooth sailing rise higher across the cyclicals,” Megan Horneman, Verdence Capital Advisors Director of Portfolio Strategy. “I still do think you’ll get some tug of war, like you saw today, where some money may rotate back into those growth sectors when you see interest rates decline or the Fed put some…
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