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The technology sector (XLK) has been a main driver of markets, but can this trend continue into a period of market uncertainty (^DJI, ^IXIC, ^GSPC)? Crossmark Global Investments chief market strategist Victoria Fernandez joins Morning Brief to discuss her outlook on why she believes tech is due for a downturn.
Fernandez acknowledges that tech has been a leading force in markets. However, she advises investors to trim these positions as markets enter a clear period of uncertainty and potential volatility (^VIX). She doesn't believe that tech will continue to lead throughout 2024, stating, "I think you're gonna see some broadening out in some of those other sectors," highlighting areas like financials (XLF).
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This post was written by Angel Smith