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.
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.