Wall Street is attentively watching the outcome of the March FOMC meeting set to wrap on Wednesday followed by a press conference held by Federal Reserve Chair Jerome Powell. As economic uncertainty continues, with the Fed poised to keep interest rates for longer, many investors are looking for where to park their investments going forward.
HSBC Global Private Banking and Wealth Global Chief Investment Officer Willem Sels joins Yahoo Finance to share his insights into the US stock market (^DJI, ^IXIC, ^GSPC) as economic headwinds play out ahead of the Fed's latest monetary policy decision.
Sels elaborates his stance on US equities and adds another country's market for portfolios: "We continue to be overweight on US stocks. The US economy has been very resilient and it's not just the economy, it's also the earnings, which continue to grow together with the margins actually in the US. That's the standout, really, around the world. The other country we like to add to that, in part because of its own local situation, but also because it helps diversify portfolios, is Japan."
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