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Money Morning Chief Investment Strategist Keith Fitz-Gerald was on CNBC's "Word on the Street" discussing the likelihood that the Fed will raise interest rates and what stocks to own in the event that there is a rate hike.
A recent Goldman Sachs Group Inc. (NYSE: GS) report is referenced in the segment, which calls into question Keith's suggestion that Apple Inc. (Nasdaq: AAPL) stock will see little impact from a rate increase.
Keith explains the flaw in that thinking and why investors may want to put the report in the context of Goldman's trading history.
Watch the video here...
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