Asks Victoria about expectations for Fed meeting next week.
speaker1
Victoria Fernandez
Shouldn't expect much from Fed next week, they'll be on hold. PCE will be higher due to healthcare weighting. With higher inflation and Middle East concerns, Fed stays on hold, first cut pushed to September.
Asks if still opportunities in energy, not too late to get in.
speaker1
Victoria Fernandez
Energy has nice solid uptrend but overbought. Could trim energy names as source of funds for materials or industrials which are still in uptrend but oversold.
Asks if Adobe AI fears scare her off all other software names.
speaker1
Victoria Fernandez
Wouldn't be buying software right now. If looking for growth, go back to semis that have pulled back on valuations.