Our portfolio managers are keeping an eye on Q2 earnings reports. On Morgan Stanley’s report revealing the bank’s earnings dropped 30% amid a downturn in global dealmaking and monetary policies from a more hawkish Federal Reserve, Dividend Performers team’s lead portfolio manager Christopher O’Keefe, CFA, told Thomson Reuters “Clients are heeding the old adage, ‘don’t fight the Fed.'”
Read more of his analysis here:
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