A market correction is definitely 'in the cards': Strategist

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Wall Street Alliance Group Partner Aadil Zaman News

Market Correction,Nasdaq Composite,Stock Market

The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are sinking on Wednesday while small caps (^RUT) are seeing a rebound of more than 10% in the last week...

) are seeing a rebound of more than 10% in the last week. Wall Street Alliance Group Partner Aadil Zaman joins Wealth! to discuss the pullback and how investors should be positioning their portfolios.

He believes that investment banking activity will pick up as the Fed cuts interest rates, presenting a potential buying opportunity for investors. He also points to utilities as a sector with room to grow as the AI race increases the demand for energy. Zaman notes that investing in areas like financials and utilities would protect your portfolio in the event of a market correction.The S and P 500 NASDAQ are sinking this morning as big tech names like Invidia, usually a leader, fall.

Well, I think that it's very difficult to time the correction, right, But there are few things that investors could do like if we are just talking about overall financial planning, you have some firepower in case there is a pull back.So, for example, if you have a moderate investment objective, you go 70% in equities, 30% in fixed income market falls, you go 8020 you increase your equity exposure.There's been a lot of talk about if and when the Fed will cut interest rates.

But this year has started to pick up, so these are the type of areas that we would gravitate towards to create more diversification.NEW YORK -World stock indexes mostly fell on Wednesday, with Wall Street weighed down by the prospect of U.S. trade curbs, while the yen rose sharply in a move suspected to be the result of another intervention from Japanese officials to buttress the currency from multi-decade lows.

 

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