Joe Tigay calls today’s sell-off a “phenomenal event.” He thinks a pullback among tech stock is reasonable, but the notion that the A.I. movement is over is “way, way overblown.” He offers VIX futures as an example of how to counter the equity market sell-off, but also says it’s important to have a portfolio that can “weather a rotation.” He also looks at gold and crypto.
Market On Close
27 Jan 2025
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