DeepSeek sent the big indexes anywhere from -1.5% to -3.1% “deeper” yesterday, but as we approach the closing bell today we’re now well into a recovery. At a time like this it’s important to remember that one day doesn’t break a trend. It doesn’t make one, either.
In fact, there’s a lot to like in tech at the moment, especially since a great deal of froth and dead wood have been cleared away. I particularly like the strength I see in the software segment, and I think it’s likely software will emerge as a leader in the wider tech tech sector.
Looking further afield, I think precious metals are irresistible right now. Gold quietly closed at its highest levels in history this past Friday - a 5,000-year high looks great on any chart. We’ve been building positions here already and if bonds continue to rally, we’ll build some more.
Overall, I think the path of least resistance is still higher, and here’s where I think the best opportunities are…