TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins us to addresses the ongoing debate between if the markets are setting up for another major pullback or if a turn has happened and the next significant move might be higher. So much focus for markets is on the weak breadth, with only large tech leading the way. For the economy everyone is predicting a recession in the second half of the year and a quick Fed pivot to rate cuts.
We start with a focus on big tech’s rebound and how these stocks are being viewed a safety plays. We then move to a general discussion about how investors are positioning in tech for now but if they shift more risk-on that could be a big boost for the lagging stocks. We could be in for a slow summer.