Lee: Underweight Mag 7 as Market Enters Correction Territory

Jimmy Lee tells his clients that in stocks, every 3-5 years they’ll lose a third of their value in a bear market before it climbs back up. He’s hopeful that lower rates and less regulation will outweigh the “noise” of today. “We’ve been cautioning investors not to be too overweight in these high fliers,” he says, noting that being underweight Mag 7 names has allowed their portfolio to weather the downturn so far.

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