Altimeter's Brad Gerstner: Taking a little off with the risks makes sense

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Altimeter’s Brad Gerstner on CNBC:

  • We have down exposure by adding shorts and reducing some positions
  • Gone from 80% net long to 60% net long
  • I think it makes sense to trim a little.
  • I don’t think it’s a market that will treat all stocks equally
  • The market is driven by technology with the reacceleration caused by AI
  • If you are not beating your numbers or elevated guidance you may suffer
  • We want to be in the names of companies that are accelerating like Nvidia, Amazon, Meta Platforms..

The NASDAQ index is trading of 38.82 points or 0.24%. The S&P indexes string up 0.31%.

This article was written by Greg Michalowski at www.forexlive.com.



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