Author: Brad Smith
CFRA chief investment strategist Sam Stovall joins “Wealth” host Brad Smith to discuss his read of the current market (^DJI,^GSPC, ^IXIC), with a focus on his outlook for the tech sector (^SP500-45). “Technology is one of the three sectors within the S&P 500 that’s trading below its 50-day moving average,” Stovall says, explaining that the sector is recovering from the DeepSeek-fueled sell-off that hit the market last week. The strategist explains, “There’s probably going to be a little more softness in the technology space in the near term, but we’re maintaining our Overweight recommendation on the sector and think that…
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