Daily Snapshot

Daily Snapshot – 21 February 2024

Moving and shaking in portfolio management the past 24hrs. Some rotation out of growth (Nasdaq now 4.2% below its former all-time high), and into year-to-date underperformers including staples led by Walmart numbers yesterday and into China exposed names ahead of the big NVDA news tonight. With most already involved in large cap tech (over half of the GVIP ETF is weighted in TMT), investors are rightfully anxious of the momentum trade showing any signs of unwinding (and really, a pull-back wit…

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