January 19, 2025 - 17:48
Kenny Polcari, a partner and chief market strategist, has shared his perspective on the current market dynamics, particularly focusing on the technology sector and broader market trends. He describes the tech sector as experiencing a "bumpy ride," characterized by recent pullbacks followed by significant rallies. Despite these fluctuations, Polcari believes that technology will outperform in 2025, emphasizing its transformative role in the economy. However, he advises investors to be cautious and avoid chasing after trending stocks.
When discussing the overall market, Polcari anticipates continued volatility. He challenges the prevailing market expectations regarding interest rates, deeming predictions of a rate cut in 2025 as "premature" due to ongoing inflation concerns. He expresses a cautious stance on inflation data, suggesting that it will keep the market in a state of flux. Nonetheless, Polcari remains optimistic, stating, "I'm a buyer of the market absolutely," and highlights his strategy of purchasing during market pullbacks rather than on up days.
