The Dow Jones Industrial Average and S&P 500 fell on Tuesday on the back of weaker-than-expected bank earnings, which ended a four-day winning streak. The Nasdaq Composite was the only major index to end the day up.
The tech-heavy index is leading the way year-to-date at 6.01%, with gains driven by Wall Street's hopes that signs of softening inflation means a better year is in store for growth stocks.that investors shouldn't rush into tech stocks, warning that most companies haven't taken the cost-reduction steps necessary for their stocks' recent runs to be sustainable.
He added that Tuesday's losses represent a buying opportunity not for tech, but for another group of stocks. "I remain more partial to those traditional cyclical stocks. You're getting a chance to buy them ahead of what I believe will be better earnings comparisons than you're going to see from tech," he said.at no cost to help you build long-term wealth and invest smarter.
Why not take some profits off the table?
Short
That means sell everything
Idiots
More downside is coming.
Sell!!!!!
🤡