September’s Personal Consumption Expenditures (PCE) index and October’s jobs report are on the horizon for this week, with the Federal Reserve and investors anticipating what fresh economic data could mean for interest rates.
Summit Place Financial Advisors founder and president Liz Miller joins Wealth! to share her perspective on current market dynamics as new inflation and labor figures pour out.
“We’re all living in a very precarious time going into this election, so, of course, that seems to dominate our thinking,” she acknowledges. However, looking beyond the election noise, Miller points to the ongoing earnings season as relatively stable.
“It’s all going to be about the economics because what we really want to know is will the Fed be continuing to lower rates into the end of the year and what does that pace look like,” she tells Yahoo Finance.
With this outlook, Miller highlights Equity Residential (EQR) as an investment opportunity. She notes it is “the largest residential REIT,” offering a 3.5% yield and positioned to benefit from lower interest rates.
“As home sales and home activity picks up, this is going to be a continued beneficiary. So I think this is an easy buy for a two to three-year hold,” Miller states.
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