EXCLUSIVE: Navigating The Bond Market And Tech Rotation With Cameron Dawson
Portfolio Pulse from AJ Fabino
Cameron Dawson, CIO at New Edge Wealth, discussed the bond market's sensitivity to the Federal Reserve's actions and the shift in investor behavior from small-cap stocks to tech giants. She pointed to the hotter-than-expected PCE data as an indicator of a possible June rate hike and warned of stretched valuations in tech stocks.
May 26, 2023 | 5:24 pm
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Nvidia's valuation has decreased from 65x to 50x due to revised earnings, indicating potential for earnings acceleration but also inherent risks.
Cameron Dawson mentioned that tech stocks, including Nvidia, have seen significant valuation multiple expansions. While Nvidia's valuation decrease could indicate potential for earnings acceleration, it also highlights inherent risks in the current market environment. The impact on the stock price is uncertain, as both positive and negative factors are at play.
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IMPORTANCE 60
RELEVANCE 50