The Contrarian Investor Podcast
Time to Get Defensive, Avoid 'Magnificent 7' Tech Stocks: Ted Oakley, Oxbow Advisors
Feb 21, 2024
Ted Oakley from Oxbow Advisors shares insights on market highs, economic indicators, and why it's time to get defensive with portfolios. Avoiding 'Magnificent 7' tech stocks like Microsoft, Google, and Apple, while exploring defensive sectors. Reflecting on past markets and navigating current risks and opportunities in the market landscape.
39:44
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Quick takeaways
- Investors should consider defensive portfolio strategies due to potential market slowdowns.
- Speculative investing in 'Magnificent 7' tech stocks could pose risks during market downturns.
Deep dives
Comparison to Past Markets
Past markets such as the early 80s and late 90s experienced speculative investing similar to today's concentrated market on a few hot stocks. The current situation is reminiscent of the late 20s with extreme concentration in select names, leading to potential risks during a market downturn.
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