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...“The market may be at a major inflection point,” said Margie Patel, a portfolio manager at Wells Fargo Asset Management....
...But concerns remain that the higher yields will undercut the rally in riskier assets, said Jim Reid, research strategist at Deutsche Bank....
...The US central bank has injected nearly $3tn into financial markets since the end of February, buoying stocks and overshadowing other market forces, investors said....
...“It is a sea change in thinking with Trump being elected,” said Margie Patel, a senior portfolio manager with Wells Fargo Fund Management....
...“Consumer discretionary is a good way to play the health of the US economy, especially when you look overseas,” says Margie Patel, a fund manager at Wells Fargo Asset Management....
...Margie Patel has one piece of advice: stop being so greedy....
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