Big Tech 'the place to be’ to wait out economic risks: Strategist

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Big Tech 'the place to be’ to wait out economic risks: Strategist
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Amid market uncertainty over the past few months, eToro Global Markets Strategist Ben Lailder joins Yahoo Finance Live to discuss where the best 'buy low' opportunity is. “Big Tech is the place to be,” Lailder says. “This rally so far has all been about valuation. I think earnings need to pick up that baton. We’re going to see the end of the earnings recession, you know, coming in the third quarter results… it’s tech that’s going to lead you sort of out of that.' Laidler states that investors should be 'hiding out' in Big Tech if they are generally concerned about an impending economic slowdown or recession. He notes this prioritization as a 'changing narrative of the market' as investors worry less about valuations. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Amid market uncertainty over the past few months, eToro Global Markets Strategist Ben Lailder joins Yahoo Finance Live to discuss where the best"buy low" opportunity is.

Laidler states that investors should be"hiding out" in Big Tech if they are generally concerned about an impending economic slowdown or recession. He notes this prioritization as a"changing narrative of the market" as investors worry less about valuations.

But at the end of the day, with the JOLTS numbers you're just seeing right now, you know, this is a very resilient-- very resilient jobs market. And I think that means that the consumer will remain the anchor of this economy. I mean, we're coming off a third quarter, which is probably going to see, if you believe the [? nowcast ?] numbers, close to 5% GDP growth. You know, absolutely unheard of in nearly 40 years if we deliver anything like that number.

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