Chanticleer
How to adjust your ASX portfolio for a higher-for-longer world
Hot inflation and the prospect rate cuts will be further delayed should encourage investors to rotate from banks towards miners, Morgan Stanley says.
The latest hot inflation data, and the prospect of higher-for-longer interest rates, should force a rethink for ASX investors.
Morgan Stanley strategist Chris Nicol and economist Chris Read argue that it is time for ASX portfolios to rotate away from banks and towards resources.
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