We believe the last 24 hours has been a potential game changer for rate-sensitive stocks, they need to be executing well as likely rate cuts won’t be enough to push them higher.
- We believe rate-sensitive names from the property and banking sectors will underperform as investors digest the new likely path for interest rates.
- We like WOW as a defensive play if markets falter on fears around inflation, although it’s not particularly a rate-sensitive name.
- We believe insurers like MPL and QBE will outperform into 2026.
