Soaring interest rates and a slowing economy sent US stocks plummeting to their 52-week lows last October.
Twelve months later, the S&P 500 has been smacked once again by lingering concerns about interest rates and a recession.
The index just hit an oversold level not seen since last fall, Truist co-investment chief Keith Lerner remarked in a recent note.
Instead, investors should stay focused on interest rates, Lerner said.
4 top places to put your money nowTruist is bullish on both growth stocks and stocks in economically sensitive sectors.
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