) lag from pressure facing the chip sector. Kestra Investment Management CIO Kara Murphy joins Market Domination Overtime to discuss the markets' movement and how investors should navigate the rotation.
Um And obviously the NASDAQ slipping today, there was a lot of focus on the chip names with headlines and maybe some worries creeping up about possible trade restrictions on chip sales to China.So I I think today's action sort of needs to be taken in context of the last couple of days as well because we've been, we've definitely been having this big shift in leadership in the market.
So I think just shows how vulnerable sometimes names can be after they've been in favor for a long time is tech an area where you are lighting up or where you're selling or what, you know, what are you doing with regard to tech stock?So I still think, you know, you, you can't paint the whole uh sector with a broad brush.
It was just because we, earlier this year we were talking to Ed Yardeni strategist economist and we asked Doctor Ed, listen, your take on that.He sees, you know, a lot of biotech, a lot of smaller banks to him, it looked like a lot of short covering.Because we still have a high number of firms in that area that lose money.But if you can lean into smaller cap names, now, that also includes Midcap, which I think is a really interesting area.
Now, if you layer in a little bit of quality on those names, then you can avoid those like big money.So I, I think you can avoid some of those traps and then if you have a lower interest rate environment, those are the names that are going to benefit the most.Um We talked about tech infrastructure is one of the other areas that you're looking at right now.
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