I lean wait for earnings rather than chase tech at record highs.
The inflation backdrop is clearly improving: July CPI eased to 3.4%, while headline PPI was flat MoM and 4.7% YoY, strengthening the case for the Fed to remain on hold. That supports equity valuations, but the S&P 500 is already at a record and much of the easier-policy narrative is being priced in.
I would keep existing tech exposure, avoid aggressively adding after the rally, and direct some new money towards gold/defensives. Earnings now need to justify elevated AI and growth expectations. Burry’s bearish positioning is worth noting, but not a timing signal by itself.
My positioning: 50% wait, 30% tech on pullbacks, 20% gold/defensives.
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- gleezy·08-14I moved some fresh cash into gold ETF already. 20% defensives makes sense here, but do you count utilities too?LikeReport