MFS Strategist: Fed Focus Distracts From Capital Cycle
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- Robert Almeida, MFS Investment Management's chief global investment strategist, says investors are focusing too much on the Federal Reserve and not enough on a major shift in the capital cycle.
- The article frames a coming profit squeeze in tech as the backdrop for Almeida's recommendation to rotate into unglamorous stocks.
Why it matters: Investors anchored to Fed policy speculation may miss the capital-cycle rotation Almeida is flagging, leaving them potentially overexposed to a tech earnings squeeze while allocators who act on the cycle signal reposition into cheaper, less-loved sectors.
