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Here's how to protect your portfolio from a potentially hawkish Fed today

Published 05/01/2024, 06:23 AM
© Reuters.

Investing.com — In light of worse-than-expected recent economic data, particularly on the inflation side, the market is growing increasingly worried that Jerome Powell may switch to a more hawkish stance in his press conference this afternoon.

Given how much the market has front-footed a pivot since the beginning of the year, such a move could put this year's stock market gains in check, pressuring portfolios.

Amidst the high-risk environment, savvy investors are proactively taking profits from this year's gains and strategically shifting towards more defensive, dividend-paying stocks for the interim.

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In fact, followers of our TopValue strategy have bagged hefty gains with low volatility on several stocks this year, such as:

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Latest comments

Fed will remain hawkish today and for the rest of the year. Don't expect a ratecut in 2024
Cash is king.
till it ain't
Im curious- who expected better data?
Me 😁
call Lying Ted
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