When all is said and done, the fact of the matter is we will have double-digit earnings growth for the S&P 500.
I would say start with some of the core holdings in technology. I think the technology stocks that will do well are the ones that haven't disappointed with earnings.
I think if they were to make such a move, this would be a logical week.
Technology tends to be regarded as less defensive, so if investors become more nervous, they would tend to gravitate away from some of the tech stocks.
This was a waterfall of emotional selling.
It's hard to say when emotional selling exhausts itself.
Technology has kind of stalled out here, we've got some potholes developing in that former leadership area.
Growth at reasonable prices.
When monetary policy turns more accommodative, the more cyclical, leveraged and more-volatile asset classes generally outdistance defensive names.
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