The S&P 500 (^GSPC) is on track for a losing week even after hotter-than-expected jobs data boosted stocks on Friday. Sage Advisory Managing Partner and Chief Investment Strategist Rob Williams and Mahoney Asset Management CEO Ken Mahoney joins Market Domination to discuss the performance of the S&P 500 this week and what investors should keep in mind when buying in.
Mahoney examines the macro picture: "I’m always been in the camp, that be careful what you wish for. We don’t want a bunch of rate cuts, because that’s accompanied with slower economic activity. We saw the volatility index lift, the Vix is interesting. Doesn’t really give us a direction but shows complacency versus, hey, we are trying to put hedges out there. It’s telling you, hey, things are getting a little bit dicey in the macro, geopolitical. I do think some of these concerns will ease a bit when we get to third, fourth week here in April when we start reporting first quarter numbers. I expect a lot of technology companies to beat in raised guidance."
Williams speaks on the healthcare and energy sector and why investors may want to consider them: "I think you want to start thinking about diversifying especially if you’ve been looking like the index. You’re very concentrated. So I do think it is attractive in a couple ways because it is later in the cycle so I think makes sense to could not having tech in growth but if you take a quality spin to it, if you screen for high-quality, high-free cash flow things like energy screen very highly. Healthcare. Pharmaceuticals. A lot of those can be in the megacap sort of growth bucket, but they have those other characteristics."
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