The Fed, ETFs, Supply Chain, and Eli Lilly
Bloomberg Intelligence
00:00
The Fed's Decision to Raise Earnings
This recession, if it comes this year, I do also think it's likely to be shorter and probably lighter. The economy is staying reasonable; we've just got a nice report coming out of ADP with far more jobs created in the private sector than we expected. So I think buying stocks for the long term still makes sense here. But we would avoid some of the mega-cap tech stocks, which have accounted for close to 80% of the gains this year.
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