Portfolios Should Include Big-Tech Offset With Energy, Agriculture, and REITs

Agriculture and energy stocks will continue to be strong as the Russia-Ukraine war continues, explains Rhys Williams, Chief Strategist at Spouting Rick Asset Management. The disinflation playbook, which benefitted growth stocks over the last eight years, is unlikely to repeat, adds Rhys. He discusses a barbell approach to your portfolio, which he says should include big-tech balanced with energy, agriculture, and REITs. I think it's going to be a tough earnings season because people are keying in on bad news and not good news, he adds. He points out higher costs and lighter revenues in March, causing more negative surprises. Lastly, he gives his thoughts on upcoming rate hikes.