Is now the time to move out of tech stocks or is there opportunity?
Is now the time to move out of tech stocks or is there opportunity?
David Garrity, Chief Market Strategist for Laidlaw & Co, and Partner at BTblock, discusses the Reddit Mob and Amazon. Hosted by Paul Sweeney and Vonnie Quinn.
To view the replay, click here. Question 1: Significance of DJIA 30,000 As the Dow Jones Industrial Average is not a performance benchmark for institutional investors of anywhere near the magnitude of the S&P 500 index, the effect of its recent rise through the 30,000 level is more psychological than anything else. That said, animal
David Garrity, chief market strategist at Laidlaw & Co. (U.K.) and founder of BTBlock, discusses the outlook for bitcoin, which pulled back after approaching $20,000 on Tuesday amid skepticism over the cryptocurrency’s intense rally. The token hit a previous peak of $19,511 in December 2017 amid widespread elation, only to lose 70% over the course of the
1) Current Thoughts On The Market: Virus to Win, Stimulus to Place, Economic Data to Show Previously we have discussed “The Four Horsemen of The Recovery” which we see as Stimulus, Economic Data, The Fed, and Vaccine. Before discussing each, it may be helpful to quickly check on stock market performance so far in 2020:
In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, discusses forces supporting the stock market and the economy for the balance of 2020, the passing of Supreme Court Justice Ruth Bader Ginsburg, the Fed and other developments with Laidlaw & Company Chief Market strategist, David Garrity.
Tech Mega-Cap 2Q20 Results Will Be Released Shortly – What Should Investors Expect & Are The Stocks Worth Considering At These Levels? COVID is providing the Tech sector a window to pursue disruption on steroids. For example, e-Commerce share of U.S. retail sales has grown more in the past 12 weeks than it did during
Mega-cap tech stocks have been leading the U.S. market higher and David Garrity, chief market strategist, Laidlaw Wealth Management, says they’re not over-priced, at least not yet. He says the accelerated growth that companies are enjoying make the sector a defensive portfolio holding. We also dig into the latest results from Microsoft, which Garrity says
Apple WWDC Developments – Sideshow Ahead of 5G Phone Launch All eyes on Apple today as its first-ever virtual Worldwide Developer Conference is underway. As such events normally do, there are a range of software-related announcements that have been made such as the launch of iOS 14, the new iPadOS 14, MacOS Big Sur, TV
Synopsis: “A Brighter Future”, Episode 18 In this episode Richard Calhoun, CEO of Laidlaw Wealth Management, recaps the markets and discusses the investment outlook with Laidlaw & Company Chief Market strategist, David Garrity. The topics discussed in this episode are: Markets trading sideways until 2Q20 earnings season, Economic resilience in the face of COVID “Wave