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Strategies & Market Trends : Young and Older Folk Portfolio
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To: chowder who wrote (7251)8/1/2024 5:43:23 PM
From: Rincon v2.0   of 21809
 
I've got 40% tech exposure in some portfolios. Time to trim ya think?

I think this is the market being irrational ahead of the expected September rate cut. The market has frequently acted this way in recent years ahead of many FOMC meetings, even when the move was widely expected – and then the Fed did exactly what was expected.

But your tech allocation is higher than I would go for my kids. I’ve got them at a comfortable 22%. I expect the market to gyrate until September 18, then be irrational immediately after the FOMC meeting, and then rally.
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