A slowing economy, and the likelihood of the Federal Reserve starting to lower rates, has investors looking elsewhere in the market for gains.
The tech slide has many investors anxious to buy the dip, but now is the time for caution, some say. Communication services and information technology stocks are the two worst-performing S & P 500 sectors this quarter, after having fallen into a correction from their peaks in July. Communication services is more than 11% off its 52-week high, while information technology is more than 12% off its recent high.
Bonds over tech? Rob Williams, chief investment strategist at Sage Advisory, expects it's better to have some diversification heading into late cycle sectors, particularly in quality companies. For the overall portfolio, he prefers upping his allocation to bonds over the equity market. "There's some room to grow later in 2025, so, but that's a whole year plus ahead," Rob Williams, chief investment strategist at Sage Advisory, said.
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