Jul. 12 at 8:14 PM
$DIA Now may be an especially difficult time for growth investors to find compelling trades, according to Wolfe Research.
“Our view is that the economy is in a later cycle environment and there’s a scarcity of secular growth in the market,” the firm wrote in a Friday note to clients. “As such, we believe investors will continue to pay up for growth until they believe there is another cyclical upturn in the U.S. economy (perhaps late this year/ 1H ’26).”
The firm added that most companies expected to grow their revenues greater than 10% this year belong to either the technology or communication services sectors.
