HON Jan 2025 240.000 call

Best plays as the market awaits next Fed interest rate decision

As Wall Street eyes Friday's jobs report ahead of the next Federal Open Market Committee meeting, many investors are keeping their hopes up for an interest rate cut. Rockland Trust vice president and portfolio manager Michael Sayers and Halo Investing president & co-founder Jason Barsema join Market Domination to reflect on the state of the economy and discuss their top plays. "I think investors should brace for volatility as we look to the summer," Barsema warns as earnings season has wrapped up. However, Sayers is less concerned: "I think the economy has enough underlying momentum, and there's a lot of fiscal support from all the government spending such that we can make it through the end of the year without a significant deterioration in the economy." Barsema is bullish on utilities, believing they are a great defensive play if the economy continues to soften. On the offense, he points to the increased demand from the AI boom as a major source of growth. He also points to large banks as better positioned compared to smaller banks, which have a lot of commercial real estate amid a tight market. Sayers highlights industrial players like Honeywell (HON) as well-positioned to benefit from the "industrial renaissance" the US sees as supply chains move back on shore. The company has also rolled out an AI platform designed to deliver customer-specific insights that Sayers believes has much growth potential. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl