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'Absolutely bullish': Why PNC Financial sees the growth trade beating value into year end
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cnbc.comIf the market's record rally continues into year end, PNC Financial's Amanda Agati predicts value stocks will lag and growth stocks will play a dominant role.
Agati, the firm's chief investment officer, blames a slowing economy and earnings — as well as the monetary and fiscal policy backdrop.
«We are absolutely bullish on the growth-oriented side of this equation,» she told CNBC's "Trading Nation" on Monday. «There's a lot of runway left.»
Agati, who has $183 billion in assets under management, believes investors will unquestionably pay up for growth stocks, which includes Big Tech. She expects the group to get a boost from a Federal Reserve which will likely hold rates steady for longer than Wall Street thinks.
«We'll start to see supply
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