NEP, RNW: Renewable Energy Will Benefit From An Economic Slowdown
The Fed will continue to remind the market that it has a dual objective: price stability and employment, notes Michel Sznajer. He discusses what to expect from the Fed in July. He talks about how the FOMC keeps rates unchanged. He mentions that inflation is still too high, and rates could stay elevated until inflation comes down. He highlights that renewables and utility sectors will benefit from peaking and declining rates. He then goes over why the renewable energy space will benefit from an economic slowdown. He looks at his top picks in the renewable energy space which include Nextera Energy Partners (NEP) and Renew Energy Global (RNW). Tune in to find out more about the stock market today.