Fed-Induced Markets Are Buying Bubbly Tech And Selling What’s Cheap: Carlson CapitalMichelle Jones
Carlson Capital's Black Diamond Thematic fund was up 0.63% net for the first quarter. The fund continues to see tech as expensive and the Fed overly friendly.
Buy more tech?
In his letter to investors dated March, which was reviewed by ValueWalk, Portfolio Manager Richard Maraviglia said the Federal Reserve is about as dovish as it can get in its commentary. Based on the market's movements during Q1, he feels as if "a friendly Fed really only means 'buy more technology' and sell anything that is cheap."
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