Forget Nvidia: Here's how one CIO is positioning after the rate cut

By CNBC | Sep 29, 2024 at 07:14 PM EST

Kingsley Jones from Jevons Global views the Fed's interest rate cut positively, favoring defensive sectors over tech. He predicts a sector rotation with utilities and healthcare gaining traction. Jones recommends stocks like UnitedHealth and AbbVie Inc, and favors consumer plays like Walmart and Costco.

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