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Strategies & Market Trends : Young and Older Folk Portfolio

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chowder

To: chowder who wrote (7251)	8/2/2024 7:32:21 AM
From: cemanuel	1 Recommendation of 22007

I've got 40% tech exposure in some portfolios. Time to trim ya think? Could be - I won't be, probably* but I think there's a good argument in favor. The market is acting like, based on the weekly jobs report, the economy will slow too much. I think they're a bit premature but today's July employment report will give a much fuller picture. Anyway, IMO the Fed could have very much justified a quarter-point rate cut Wednesday. They didn't and I'm afraid if things start going south September will be too late to really turn it around. *If this morning's employment report comes in very soft I could trim tech. I'm not going to due to a cyclical pullback - it'll come back one or three or six months from now - but will if I think there's an overly softening economy.

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