LIVE MARKETS-When the Fed cuts, the roof rises: BCA bets big on real estate
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BCA Research has upgraded the real estate sector to overweight, anticipating a rebound as the Federal Reserve is expected to cut rates by at least 25 basis points. Chief U.S. equity strategist Irene Tunkel noted that lower interest rates will reduce mortgage costs and boost housing demand, making real estate more attractive. The sector is currently seen as oversold and undervalued. In contrast, BCA has downgraded the semiconductor sector to neutral after a significant rally, citing overvaluation and seasonal market pullbacks as reasons for caution.
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