Why it's time to broaden into small and mid caps: Strategist
The tech sector (XLK) has begun to see a sell-off after reaching record heights and, more recently, seeing disappointing quarterly results from tech giant Alphabet (GOOG, GOOGL). Should investors stay locked in or start to broaden out to other opportunities?
Verdence Capital Advisors CIO Megan Horneman joins Morning Brief to give insight into the recent sell-off of AI stocks and what investors need to keep in mind for their portfolios moving forward.
Horenman affirms: "I think right now the best thing to do is take a look at your portfolios. We think volatility is going to accelerate through the rest of this year. It's going to present some opportunities for investors to get back into areas of the market that have been unloved. You know, small caps. We could talk about that. Small and mid-caps have had a little bit of a rebound here lately. But from a relative attractiveness, they're very cheap compared to large cap."
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
This post was written by Nicholas Jacobino