Despite dissecting economic data from all releases of varying frequencies, the market is yet to find a direction. Such bizarre circumstances in which good news, such as historically low initial jobless claims, got a volatile reception by investors don’t seem to catch a break anytime soon.
Moreover, if the Federal Reserve ends up increasing interest rates beyond 5%, it could be wise to increase exposure to blue chip stocks. Barring apocalyptic scenarios, their size and profitability would keep their prospects robust despite high borrowing costs and regardless of market sentiments.
