Ira tracking selected US tech stocks & ETFs

Описание: Ira Epstein of Linn & Associates outlines current market pressures, emphasising the US Federal Reserve’s stance to hold rates amid inflation concerns. Epstein highlights recent strong employment figures but shifts focus to the upcoming Consumer Price Index numbers, viewing them as pivotal for Federal Reserve decisions. Epstein points out the growing US deficit and lack of action from Congress on fiscal matters, suggesting this could prompt further money printing. He expresses expectations of a weaker US dollar over the next six months, arguing that persistent debt issues and dwindling foreign appetite for US debt could drive significant devaluation. Gold is presented as a preferred hedge, with silver and copper deemed less compelling under current conditions.

Turning to equities, Epstein observes a clear market rotation out of technology stocks, with asset managers and insurers recently seeing notable selloffs. He suggests AI-driven disruption has disrupted sentiment, and sees that US tariffs are incentivising domestic industrial growth—citing Caterpillar (NYSE:CAT) as an example of industry-focused opportunity. Tech is not dismissed completely; Epstein closely tracks the performance of the iShares Expanded Tech-Software ETF (NASDAQ:IGV) and identifies Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL) as long-term quality picks, though he contends these firms are currently not in a buy zone.