Portfolio Manager Paul Meeks is on CNBC’s The Exchange to discuss another 10% downside in tech stocks. Paul talks to Kelly Evans on what may be next for the tech sector. Watch the interview below for details.
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I’ve been clear that this tech investor hasn’t and won’t invest aggressively until we’ve greater geopolitical certainty. With only 19 days until a perhaps contested U.S. presidential election
With less than a month to the election, I’m not worried about it, or at least not directly. I’m focused on the Congressional logjam that has prevented passage of CARES Act II, or whatever it’s to be called.
No one is a bigger long-term tech zealot than me, but I’d tread carefully in the sector now. I think that we need to blow more froth off these stretched tech stock valuations.