00:00 Speaker A
I’m still a fan of individual players in the Mag 7. Not a fan of Tesla, I think Nvidia is a little bit stretched.
00:05 Speaker B
You’re not buying an ETF is what you’re saying.
00:06 Speaker A
No, I’m not buying an ETF. I have Alphabet, I’ve been very bullish on that all the way back to April. I didn’t think this regulatory risk was going to come to fruition. I thought it would be but it was overdone. Um so that’s played out, but I just don’t know that this is enough to pull the big tech sector up over the course of the next month. We’re in what I’d call the great in between, in between Nvidia’s earnings and the next, you know, normal calendar quarter earnings report, which puts a lot of focus on now the Fed, what’s going to happen. So, in terms of portfolio moves, I’m making adjustments towards a value bias. So if you look at healthcare, the energy sector, the two most undervalued sectors in the uh in the S&P 500 right now. Jared brought it up in the intro. There’s a weird dichotomy existing right now where the gold commodities to oil ratio is not is not normal, right? Gold to oil is at about a 50 times ratio. That typically happens when we’re on the brink of a recession. But you saw it, the Fed’s beige book today, no indication of an imminent recession. So that means that commodities and oil most likely are are undervalued and we need to see a resurgence there. So that’s what I’m looking at, looking to position. You could do it via ETFs, the XLE, I think has been trying to break out since August. Um just keeps getting swatted back down on oil price.