Steer clear of financials, 'uphill climb' ahead: Strategist

Yahoo Finance Video
55,900 次觀看・1 年前

The rise in U.S. Treasury yields has battered utility stocks. It's part of the reason why EP Wealth Advisors Managing Director of Portfolio Strategy Adam Phillips is advising investors hold an underweight position in both utilities and consumer staples. Phillips is also still "light on financials," specifically regional banks. "For all the pain that sector has endured, we're just not ready to add exposure there just yet," Phillips says, citing earnings and regulatory pressures. 

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