The Best Tech Stock Opportunities Right Now
Shah Gilani|March 24, 2023
Markets are flip-flopping as they continue reacting to the recent actions and comments by the Fed, as well as the ongoing fallout from the banking crisis. If you read yesterday’s Total Wealth article, you’ll know that we’re not out of the woods yet as far as the banking sector goes – and if you haven’t yet, you really should, because you’re not going to hear about what I’ve uncovered in The Wall Street Journal or corporate news.
The big question is whether the S&P 500 can get to and hold at 4000. At that key level, we could very well see enough money come off the sidelines to push a huge rally as investors gain confidence that we’re nearing the end of “higher for longer” interest rates.
Personally, I remain skeptical that we actually are nearing the end – I’ve been saying for months that the inflation we’re experiencing now is structural. If the Fed sticks to its guns and we don’t fall headlong into a recession, it’ll be a while before they back off.
But while we’re waiting for the reality check on that, the battle of narratives is what’s pushing the market around, and there are always opportunities to make money. That brings me to this week’s Buy This, Not That topic – tech stocks.
So, while you’d expect that tech stocks would have gotten hammered again with another interest rate hike, the truth is that they’re doing pretty well overall, and I explain why in this week’s episode and give out the best trades and holds in this sector right now. (There are a couple losers in the mix, too – make sure you tune in just in case you own some of these stinkers.)
Shah Gilani
Shah Gilani is the Chief Investment Strategist of Manward Press. Shah is a sought-after market commentator… a former hedge fund manager… and a veteran of the Chicago Board of Options Exchange. He ran the futures and options division at the largest retail bank in Britain… and called the implosion of U.S. financial markets (AND the mega bull run that followed). Now at the helm of Manward, Shah is focused tightly on one goal: To do his part to make subscribers wealthier, happier and more free.