In that climate, it s an excellent idea to rebalance your portfolio by moving some money into bonds or interest-rate sensitive stocks as those groups pull back. Stock investors should move money into interest-rate sensitive issues. And there, the big banks, such as Chase and Bank of America, look like the best bets. And although rising rates might produce earnings disappointments for a couple of quarters, these banks remain fantastic franchises at remarkably cheap prices. Profits are strong.
Inflation is tame.
But you still need a smart strategy to cash in, and Michael Sivy provides one. Time Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited. Our Privacy Policy . Terms of use .