Markets (^DJI, ^IXIC, ^GSPC) closed Monday's session relatively flat as Wall Street braces for a big week of economic data ahead. The Bahnsen Group CIO David...
as Wall Street braces for a big week of economic data ahead. The Bahnsen Group CIO David Bahnsen joins Market Domination Overtime to discuss the state of the markets and how investors can best position their portfolios amid uncertainty.. But I really think it's important for investors to make a distinction between the markets responding to economic data substantively and non-substantively.
It's very difficult for any of us to know what the market is actually responding to when you're dealing with the Fed and the pending changes when you're dealing with an overstretched, highly valued market with the geopolitical tensions, my line with clients the last week has been for the Dow to move a couple of 100 points.And so I don't think the economic data has been as big of a mover.
Um, it's not a good timing mechanism, but NVIDIA went down 25% and was still trading at 60 times earnings. Tesla and Meta and Google and NVIDIA have completely different valuations, and and they should, right.And so I think that the more expensive parts of Mag seven are more problematic than the cheaper, and some of the cheaper have more fundamental issues and cyclical challenges.
The cap weighted nature of the index being 40% in tech and communication services, is insane, but we're dividend growth investors.I think a focus on cash flow and balance sheet strength and rising incomes is a very good way to be out of that vulnerability.
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