BlackRock's Moore Sees 'Wimpy Cyclicals' as Best Growth Rotation

The transcript discusses current market sentiment, highlighting a trend where investors are favoring defensive investments, particularly in tech stocks and investment-grade credit. It explores the factors that might lead investors to gain conviction and take on more risk, such as a rotation into value stocks. The challenges of investing in value and cyclical market segments are addressed, noting that some areas are structurally impaired. The discussion concludes with strategies for selective investments in cyclical companies that have strong balance sheets and management teams, suggesting these may be better bets for those looking to capitalize on global and US growth.

What criteria should be considered when selecting cyclical companies for investment?

Why might some cyclical companies not be the cheapest option in their category?