Replay link · What is your outlook for the NASDAQ as we see treasury yields surge? In our view, the Tech-stock-heavy NASDAQ index is likely to correct -16% from its 2/12/21 level of 14,095 to test its 8/1/21 of 11,775 for the following reasons: 1) Earnings Growth Is Slowing: Indications are that consumers coming out of the pandemic are planning to spend on categories of goods & services that were effectively shut down due to COVID. For example, Google searches for “Restaurant

Mega-cap tech stocks have been leading the U.S. market higher and David Garrity, chief market strategist, Laidlaw Wealth Management, says they’re not over-priced, at least not yet. He says the accelerated growth that companies are enjoying make the sector a defensive portfolio holding. We also dig into the latest results from Microsoft, which Garrity says remains an attractive investment at current levels. 1) Re: Microsoft’s results …whether this is a stock worth buying into