The S & P 500 just notched a record high to declare its bull market status, but according to one money manager who helps oversee more than $1 trillion, there are a few names investors could focus on for the next leg of the cycle.
"We're concerned about U.S. consumers, who are burdened by record levels of credit card debt at elevated interest rates."
.SPX 1Y mountain S & P 500 The S & P 500 , which hit an all-time intraday peak on Friday, roared back at the end of 2023, notching a 24% gain for the year.
Infrastructure stocks Malik believes that global infrastructure companies benefit from inelastic demand for the necessary services they provide, and are thus insulated from most recession risks.
"Both dividend growth and global infrastructure stocks have historically weathered down markets relatively well," Malik said.
Persons:
Saira Malik, Malik, that's, Linde
Organizations:
Investors, Fed, CNBC Pro, Motorola Solutions, Deutsche Bank, Motorola, CMS Energy
Locations:
Jackson, Michigan