"I suspect as we get closer to the end of the year, we probably will bring down the amount of risk," he told Business Insider in an exclusive interview. "For all the things that are pushing the market higher now, I think that's going to move from a tailwind to a headwind at some point next year."
Slimmon is emphasizing stocks that were strong performers before the pandemic sell-off and haven't received much love from the market even though their businesses are recovering. He's also investing in Asian stocks. "Once we get through COVID, I think you're going to start to hear the Fed get less accommodative, at least in their verbiage," Slimmon said. "It could be problematic for some of the tech stocks that are trading at very, very high, very, very high multiples."
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