Foord Asset Management Portfolio Manager Warns Of Overheated Market Amid Lingering Inflation — 'We Aren't At The End Of Rate Hikes Yet'
Portfolio Pulse from Bhavik Nair
Foord Asset Management's Brian Arcese warns of an overheated market amid lingering inflation and believes the Fed's rate tightening cycle is not over. He highlights the divergence between tech stocks and the rest of the S&P 500, with tech stocks driving much of the rally this year.
June 12, 2023 | 7:12 am
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AMD is among the tech stocks driving the S&P 500 rally this year, but the market may be overheated due to lingering inflation.
AMD is mentioned as one of the tech stocks driving the S&P 500 rally this year. However, the market may be overheated due to lingering inflation, which could lead to a potential correction or rotation in the future. This creates uncertainty for AMD's short-term price direction.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Microsoft is among the tech stocks driving the S&P 500 rally this year, but the market may be overheated due to lingering inflation.
Microsoft is mentioned as one of the tech stocks driving the S&P 500 rally this year. However, the market may be overheated due to lingering inflation, which could lead to a potential correction or rotation in the future. This creates uncertainty for Microsoft's short-term price direction.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
NVIDIA is among the tech stocks driving the S&P 500 rally this year, but the market may be overheated due to lingering inflation.
NVIDIA is mentioned as one of the tech stocks driving the S&P 500 rally this year. However, the market may be overheated due to lingering inflation, which could lead to a potential correction or rotation in the future. This creates uncertainty for NVIDIA's short-term price direction.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Invesco QQQ Trust has risen 34.04% since the beginning of 2023, but the market may be overheated due to lingering inflation.
Invesco QQQ Trust is mentioned as having risen 34.04% since the beginning of 2023. However, the market may be overheated due to lingering inflation, which could lead to a potential correction or rotation in the future. This creates uncertainty for QQQ's short-term price direction.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
SPDR S&P 500 ETF Trust has gained 12.89% since the beginning of 2023, but the market may be overheated due to lingering inflation.
SPDR S&P 500 ETF Trust is mentioned as having gained 12.89% since the beginning of 2023. However, the market may be overheated due to lingering inflation, which could lead to a potential correction or rotation in the future. This creates uncertainty for SPY's short-term price direction.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
TSM is among the tech stocks driving the S&P 500 rally this year, but the market may be overheated due to lingering inflation.
TSM is mentioned as one of the tech stocks driving the S&P 500 rally this year. However, the market may be overheated due to lingering inflation, which could lead to a potential correction or rotation in the future. This creates uncertainty for TSM's short-term price direction.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50