Slumping AI stocks could be really good news for your nontech holdings, says market strategist
Katie Stockton, of Fairlead Strategies, said she is seeing strong buying momentum in the healthcare, industrial, biotech, insurance and utility sectors
Katie Stockton, of Fairlead Strategies, said she is seeing strong buying momentum in the healthcare, industrial, biotech, insurance and utility sectors
Stocks related to artificial intelligence have faced a pullback, having previously been a boon for the S&P 500 — but this could be the moment your nontechnology holdings have been waiting for.
Katie Stockton, founder and managing partner at investment adviser Fairlead Strategies, told host Matt Ziegler on a recent episode of the Excess Returns podcast that when tech stocks underperform, the relative performance of other sectors begins to look a lot better.
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