Cut tech exposure or get burned, long-time bull Richard Bernstein suggests (via TradingNation and StephLandsman)
As big tech earnings get ready to dominate Wall Street this week, Institutional Investor hall of famer Richard Bernstein has a warning for investors: Cut your tech exposure or get burned.
"It looks like profits are going to decelerate in 2019 and 2020," the Richard Bernstein Advisors CEO said Monday on CNBC's"Trading Nation.""Tech should be one of the sectors that feels that deceleration of corporate profits." So far this year, the tech-heavy Nasdaq is up more than 20 percent. Despite the sharp rally along with the recent rush of tech IPOs, he believes the stage is set for pain.
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