US market outlook: Globally positioned sectors to do well - Argus Research

John Eade, President of Argus Research says the globally positioned sectors – IT, Pharmaceuticals, Industrials and Materials are likely to do well in the environment of higher interest rates and a weaker US dollar.

Key quotes

Don’t think Fed is behind the curve
US economy is in a sweet spot & inflation isn’t really a problem
Expect the USD to stabilise or drift lower
Don’t see weak USD leading to a sharp rise in (imported) inflation
WTI Oil is seen finishing this year around $50/barrel. Upside is likely to be capped at $60/barrel.

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