WSB's Weekend Bite: Difficult To Be Bullish With Tech Under Pressure (Video)

This week's episode explores current market dynamics amid pressure on the tech sector. Mark Newton, Global Head of Technical Strategy at Fundstrat, and Victoria Scholar, Head of Investment at Interactive Investors, discuss being positioned diversely and defensively.

Comments

[Philip K Blakeney]

Quite the contrary. Today was 3x witch capitulation Thursday. Q1 is over with the usual big pop 2 days b4 it's end. What thg is this an historically important detail? Hedges were called out by the SEC for pushing prices up almost the whole last week of each qtr. Why? Monthly AND quarterly bonuses, duh.
We saw a tech chip rout... SOXX down 13+%, FANG down 11+% despite APPLE gaining in 3 very long frustrating months.
FB gained $30+ off their dismal qtr low, $191?
Lrcx, perennially $100 HIGHER THAN AVGO was a great buy at 468, $125 cheaper than AVGO. J SOLD ALL AT 555 Wed. and rebought today at 539 along with SPY, 452, HD-299.45, AAPL-CLOSE +.02, TSM- CLOSE +.11, VLO, REBUY 101.11, PSX- CLOSE -.21, XLE, REBUY -.08 FROM CLOSE.
Growth historically outpaces value in rising rate environments according to CNBC ANALYSTS AND GUEST CEOs.
The big laggards look to be flaky Russell stocks and maybe industrials.
Non-farm payrolls whiffed but avg. hourly went up a pip in an attempt to hold the best employees and dump the worst. Errrrr, sorry ty for playing produce or be gone... just like any other stock.
There are 4 sectors with pricing power... not financials?
Tech, materials, ENERGY, REAL ESTATE, ANDDD..., maybe preferred AFTER THEY DECLARE. I JUST BOUGHT DLNG/A,B at fire sale prices around $16, separate dates. Also, MINDP, who just issued a 2nd preferred and the 1st went down to $15!!!??? They'd go bankrupt is they reneged on those NEW OBLIGATIONS with 10 AMBULANCE CHASERS taking them to court.
SPG AND HD both dove late trading all 4 days this week?
Corporations that beat and raised at 30% discounts!?
My single BIGGEST FEAR IS 3 of the worst led countries...
China, Russia, and N. Korea will band together as the kings of the GALACTICLY STUPID ARE PRONE TO DOING, forcing 100's more sanctions, and shredding world economic growth.

[Ben Gee]

@Philip K Blakeney Sanctions reduce trade and growth.