"We project that the combination of tight monetary policy and declining credit availability will take its toll on the economy over the course of the year," Sekera wrote."A weak economy will pressure earnings growth and likely lead to a negative sentiment in the markets."
He concluded:"In our view, investors should look past this potential short-term volatility and, where their risk tolerance allows, use pullbacks to move from market weight back into overweight positions."high-quality stocksIn a note from June 27, Morningstar identified the 10 most undervalued high-quality stocks with lasting competitive advantages that make them attractive to long-term investors.
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