Reported 5 months ago
Despite high expectations for Nvidia's earnings to boost the market, stocks are sliding as the trading day closes, with Carson Group Chief Market Strategist Ryan Detrick attributing this to a potential pullback after Nvidia's strong performance. Detrick suggests a neutral stance on the tech sector due to high valuations, advising investors to focus on financials, industrials, small-caps, and mid-caps as the economy strengthens, anticipating a rotation into these cheaper areas. While optimistic, he emphasizes that caution is necessary when investing in cheaper assets.
Source: YAHOO