Everything right now is trading off the rates: Horizon Investments’ Scott Ladner
Scott Ladner, chief investment officer at Horizon Investments, tells BNN Bloomberg that the Bank of England’s assurance on stabilizing the British pound was the spark for today’s rally and would put a ceiling on rates for now. But he says this was a medium-to-low volume rally that is likely to fade. Ladner says the safest sectors for investors at this time are tech services, staples and healthcare, and that materials, tech hardware and consumer discretionary are sectors to avoid.