Fed cut and strong data could boost market, Pettit recommends Uber

Drew Pettit on Market Prospects

Citi U.S. Equity Strategist Drew Pettit suggests that a Federal Reserve interest rate cut, paired with robust economic data, could uplift markets. He notes a conflicting short-term outlook but maintains a bullish long-term perspective.

Investment Recommendations

Pettit specifically recommends investing in Uber following its strong financial results, indicating confidence in the company’s future performance amidst the current market dynamics.