European stocks are heading for a mixed open on Tuesday as global markets are gearing up for the latest reading of U.S. inflation, with August data due.
The recent relief rally in stocks is likely another bear market bounce and investors should position for more choppiness ahead, according to Wells Fargo.
Such recoveries happen in nearly every bear market and many are quickly reversed, leaving investors with regrets, they added. In the meantime, Ma recommends investors look for defensive stocks with low volatility, high dividends and share repurchase yields. He also says investors should go for high quality names with profitability and leading market share and affordable market price.U.S. stock futures were higher Monday night as Wall Street looks ahead to the August consumer price index report set to be released Tuesday morning. The report will give investors an update on the inflation situation in the U.S.
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