Kenny Polcari, SlateStone Wealth’s Chief Market Strategist, joined Schwab’s Opening Bell with Nicole Petallides to discuss record highs in the S&P and Nasdaq. He noted markets look extended after months of gains and expects the Fed to proceed with gradual 25-basis-point cuts through year-end.
Kenny highlighted opportunities in underperforming sectors like energy, consumer staples and healthcare, as well as potential upside in small- and mid-cap stocks as rate cuts take hold.
Watch the full segment here.