Top tips for continuing investments in tech: Strategist
The tech sector (XLK) is continuing to see a downturn as some investors on Wall Street are rotating out into other sectors and small cap stocks (^RUT). With so much uncertainty from where interest rates will land for the rest of the year coupled with November's election outcome, investors may need to adjust certain strategies for their portfolios. EquitySet CEO Tony Zipparro joins Wealth! to give insight into the latest cycle of tech earnings and what investors need to know about investing in tech moving forward. Zipparo comments on which areas of the market will be most sensitive to rate cuts: "That's capital-intensive industries, right? Where you've got not the greatest-- where they're trying to get the profitability, right? You've got a lot of debt on the books. You really have to be cautious. Not saying that they can't continue to grow... because the kind of antithesis of that is we're in the middle of a multiyear expansion boom, and we're just taking a little pause here. But you're exactly right in you want to look for stickiness, enterprise spending...." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino