Blancato: ‘We’re Far Oversold’ in the Short Term

Phil Blancato works on separating politics from economics. “In the short term, we’re far oversold,” he argues, expecting strong 1Q earnings. If the tariffs continue, he thinks there will be a slowdown into recession. However, he says not to forget that any drop in the price of oil brings substantial spending power back to consumers. He gives examples of stocks he’s looking at, including Philip Morris (PM), Progressive (PGR), and other companies that people “need every day.”

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