It’s looking like a rough day for stocks. Our call of the day is a look at the future and a billion-dollar industry and some stocks to play it, from Citigroup.
Stocks in classic defensive sectors such as consumer staples, healthcare, and utilities, tend to outperform ahead of the final rate hikes, along with energy and financials, according to strategist at RBC Capital Markets.
S&P Global Ratings lays out 4 domestic options for putting a damper on a surging U.S. dollar that’s wreaking economic and market havoc. But there’s a problem.