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Post by alvinthechipmunk on Mar 1, 2022 13:55:23 GMT
David Giroux, portfolio manager at T. Rowe Price, said he has already sold shares of energy companies in his portfolio—which have outperformed this year—while buying tech stocks like Nvidia Corp., Apple Inc. and Amazon.com Inc. He said he expects oil prices to fall and inflation to moderate over the coming year while economic growth slows down, helping tech stocks. He predicts major indexes can still notch gains for the year, recovering their steep losses. “We have really fundamentally changed” our portfolio, Mr. Giroux said. “A year ago you would’ve seen a big bet on value [stocks]. Now everybody loves that stuff—we’ve been selling that hand over fist.”
Excerpted from: “Ukraine Crisis Upends Investing Playbook for 2022”
The Wall Street Journal, February 28, 2022
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Post by johntaylor on Mar 1, 2022 17:14:48 GMT
Interesting. TRAIX - 4.6 % YTD
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Post by Deleted on Mar 2, 2022 12:01:02 GMT
It is interesting. I have been wondering about selling my energy holdings as they soar. Quality tech at fair prices is always a good idea. Guess he is not foreseeing more multiple contraction.
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Post by steadyeddy on Mar 11, 2022 11:58:34 GMT
This chart compares 3 ETFs: year-to-date 2022 HDV (iShares Core Dividend), VYM (Vanguard High Dividend) and ITOT (US total stock market). As you can see HDV is holding up well while ITOT (due to tech exposure) took it on the chin. VYM is in the middle. Value/Dividend stocks are still in vogue - maybe that is the reason to switch over to other flavors? |
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Post by retiredat48 on Mar 12, 2022 19:05:44 GMT
Thanks for post, alvin...
Yes,perhaps "interesting" is the best word others are using to describe the pivot.
But so far, both his decisions have been terribly wrong. That is, exiting energy was very pre-mature; and buying "growth" companies not the best so far.
The word "interesting" to me, is that I can make a case that for next decade, growth may be in the relative "dog-house" of performances. One can make a ditto-case for Energy Companies doing very well. There are arguments that energy will not respond to simply people cutting back on usage...rather, the world is now upside-down with Putin/War and effects will take two to three years minimum to sort out. Long story...
Anyway...
R48
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