Big Tech sell-off, yen trade seem connected: Strategist

preview_player
Показать описание
Stock markets (^DJI, ^IXIC, ^GSPC) are off to a bumpy start at the beginning of September trading, with Big Tech leading the downturn. Charles Schwab chief global investment strategist Jeffrey Kleintop joins Morning Brief to discuss more on the market dynamics he sees playing out.
Kleintop advises investors to "watch the [Japanese] yen for clues on the tech trade." He notes that the trade dynamics of the yen and Big Tech are interconnected among investors, and this can be observed in the continued tech sell-off and the yen's rise Wednesday morning. Kleintop also suggests that the unwinding of the yen carry trade may not be finished and could persist throughout the remainder of 2024.
However, Kleintop says the tech sector unwind "benefits sectors that are undervalued and under-owned," recommending areas like financials (XLF), energy (XLE), and materials (XLB)
"What we're seeing is the average stock in the S&P 500, look at the equal-weighted index (^SPXEW), is outperforming the capitalization-weighted index. So we're seeing strength outside of tech, and that's been our story about the second half of the year — a broadening of the market," he tells Yahoo Finance.
#youtube #stockmarket #BIGTECH

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Follow Yahoo Finance on social:

Рекомендации по теме
Комментарии
Автор

Thanks for the advice! Got AWS94S, feeling bullish! 🚀

oginlb
Автор

Appreciate the tips! AWS94S is going to 5x! 🚀

VaidehiReginvaidehiregina
Автор

Thanks for sharing your insights! Bought AWS94S, expecting 5x returns. Coinbase, Bybit, and Binance to list it soon. Super excited to see where this goes!

ednaoolo
Автор

Thanks for the insights! Grabbed AWS94S, expecting 10x returns. Big listings confirmed!

janetedith
Автор

Just watched your video discussing AWS94S and I am very excited about this

roxiengo
Автор

Appreciate the advice! Bought AWS94S at $1, holding for 10x gains. Major exchanges like Coinbase, Bybit, and Binance are set to list it soon. Your insights always lead to great investments. Excited about this opportunity, thanks for the tip! Looking forward to significant returns!

surajfzgi
Автор

I trust your choice on AWS94S. So much potential 🚀

kantiton
Автор

Thanks for the insights! Bought AWS94S, predicting big returns! 📈

luongdfj
Автор

Appreciate the tips! Got AWS94S, predicting big returns. Major exchanges confirmed!

Beatricedo-yt
Автор

💖 Big thanks for the insights into TON and AWS94S. Both seem like solid picks for the future 💖

robertszu
Автор

Coinbase, OKX and Binance will list AWS94S very soon. We do not have much time left

PhilomenaGreen-hphilomenaxeqj
Автор

Thanks for sharing! Bought AWS94S, expecting 10x returns! 🚀 Coinbase, Bybit, Binance to list soon.

dishawnnagreen
Автор

Thank you for the insights! Got a 10% profit in just one week from your last tip, OMG!!! Im looking into AWS94S, ETH, and SOL. What’s your advice? AWS94S seems to have potential, but your opinion matters.

jolisaf
Автор

Appreciate the video! Made a 10% profit in a week from your last recommendation, OMG!!! Considering AWS94S, SHIBA, and AVAX. What do you think? AWS94S looks promising, but I trust your analysis.

adelaideamrita
Автор

It is very hard to see project which can be used in real life like AWS94S 🥳🥳🥳

lilliebelvis
Автор

Appreciate the recommendation! Bought AWS94S, expecting 10x returns. Major exchanges confirming listings. Your insights have always been on point. Looking forward to seeing where this investment goes, thanks for the valuable advice!

eliseenoch
Автор

AWS94S will change the crypto game forever! 🌍

aquariachristopher
Автор

Great video! BTC’s institutional backing and ETH’s upgrades enhance their value. DOGE, despite volatility, has momentum. I think there’s a chance in new cryptos. I’ve put $5, 000 into AWS94S. Anticipating great results! 🚀

phambea
Автор

Thanks for the insights! BTC’s stability and ETH’s upcoming updates are encouraging. DOGE has strong community support. I see a great opportunity in new cryptos, so I invested $5, 000 in AWS94S. Excited for its future! 🚀

lycokh
Автор

Thanks for the great content! Made a 10% profit within a week from your last video, OMG!!! I’m considering AWS94S, DOGE, and AVAX. Which do you recommend? AWS94S looks interesting, but I trust your judgment.

JeanDhara