(WCTW) That Time Is Now

The stock market is at a pivotal inflection point and I believe strongly that over the ensuing weeks/months, we will see one theme play out strongly: energy outperforming tech.

So far this year, one of the main themes has been the strong performance in tech names. Following the dismal 2022 performance, tech has rebounded strongly with some of the bubble favorite stocks like Nvidia rising to an all-time high. But as the market realizes that the Fed will keep interest rates elevated despite recessionary risks building on the horizon, tech names will come under pressure especially if the underlying growth starts to slow down.