First Read with Strategic Tech Investor
What’s Happening This Week
I hope that everyone had a great holiday. Investors are wrestling with the uncertain impact of the Omicron variant and what it means for the global economy. On top of that, rising rates divided the market with the Dow climbing and the Nasdaq falling. We would not be a buyer ahead of most tech earnings and are only buying into strength. Broadcom reports earnings on the 9th and if they report a beat like Marvell Technology Inc. (MRVL) did last week, the semiconductor market could be in for a good quarter. Core inflation numbers are also being reported on Friday with a consensus estimate of 4.9%, which could push pressure on the Fed to raise interest rates. If that is the case, it will be key to focus on tech stocks with strong growth stories and profits.
Cathie Wood Gets Behind the Metaverse
Cathie Wood, one of the biggest tech investors told CNBC last week regarding the Metaverse, “It’s a big idea that will probably infiltrate – just like technology is, anyway – every sector in ways that we cannot even imagine right now.” Last week we also published to our NVX subscribers our top three picks for the Metaverse.
The Best Way to Invest in a Choppy Market
The last few weeks in the market have definitely felt like a rollercoaster and while that can be a good thing if you are constantly watching the market, if you are investing for the long term, it might make sense to take some profits. Take a look at my best way to invest in a choppy market.
Concerned About the Omicron Variant?
It seems like every few months there is a new variant of the coronavirus and that is where we are at right now with the Omicron variant. While we don’t know much about it, it has caused some selloffs in the market and created a lot of volatility. Check out Shah Gilani’s pick to play this market.
What We Are Watching
Crypto markets continue to sit near all time highs and if you haven’t taken a look at these markets and want to learn more about investing in the space, check out Alternative Wealth Daily. It’s a new free e-letter all about cryptocurrency investing.
Cheers and good investing,
The Strategic Technology Investor Team