As the Federal Reserve gears up for its first interest rate cut, Harvest Portfolio Management CIO and Wall Street Beats partner Paul Meeks joins Catalysts to discuss how easing rates could weigh on the tech sector.

"It's a two-sided coin. One is, yes, as rates go down, the discount rate to value, aggressive growth, and other tech stocks brings much higher valuations. That's the positive. On the other side of the coin is the reason that the Fed is lowering rates is now they've gone from being concerned about inflation to being concerned about a recession," Meeks explains.

He notes that tech companies are "somewhat positively correlated to the moves in the economy." He adds that despite a recession slowing the growth of tech, he still prefers to have exposure as AI remains a powerful theme.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Melanie Riehl