Rising rates will cripple tech stocks despite ‘Goldilocks’ conditions created by the Fed, a chief investment strategist warns. Here are 4 sectors he says are safer to buy into

• Stocks are more likely to rise than fall, BCA Research’s Doug Peta said in a recent webinar.
• Generous government stimulus and shockingly strong earnings have driven an impressive market rally.
• Four sectors are safe to invest in, but Peta said tech stocks are risky with rates set to rise.

The S&P 500 is more likely to climb 10% and hit 5,000 than suffer a correction.

That’s according to Doug Peta, BCA Research’s chief US investment strategist, who said in an August 16 webinar that stocks are currently in a “Goldilocks” scenario – but not all sectors are equally safe.

Stocks have soared as the US economy emerged from a pandemic-induced downturn, fueled in large part by emergency fiscal and monetary stimulus programs that have managed to outlast the worst of the health crisis and economic nosedive.