VGT: The Right Entry Point Hasn't Come Yet

Komal Sarwar
1.68K Followers

Summary

  • The Vanguard Information Technology ETF has not yet reached the bottom and is likely to fall further.
  • It may take a few months for stocks to fully realize the impact of upcoming interest rate hikes, economic contraction, and lower earnings.
  • For dip buyers, the best entry point might arrive at the end of this year or at the beginning of 2023.

Bear walking on city street, New York, New York, United States

John M Lund Photography Inc

Vanguard Information Technology ETF (NYSEARCA:VGT) appears attractive on the charts with shares down 34% so far in 2022 and valuations easing to around their five to ten-year average. However, dip buyers who want to take full advantage

This article was written by

1.68K Followers
Komal is passionate about finance and the stock market. She enjoys forecasting future market trends using a fundamental and technical approach with a focus on both short- and long-term horizons. She intends to provide unbiased analysis to assist investors in selecting the best investment strategies to stay ahead of the market.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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