U.S. stocks are recovering from their lows, but any aggressive talk from the Federal Reserve on interest rates could derail that according to one expect. Tony Dwyer, Chief Market Strategist at Canaccord Genuity, said if the Fed indicates interest rates will be increased at a faster pace, that could cause dislocation. He added the stock market is now getting support from oil prices, which have been rising, and the dollar, which has weakened somewhat against emerging market currencies. Dwyer currently likes three sectors: information technology, consumer discretionary, and financials. Dwyer said all three sectors will benefit from the millennial demographic, and he views them as long-term investments. TheStreet’s Rhonda Schaffler has details from Wall Street.
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