President of Kaltbaum Capital Management Gary Kaltbaum gives his take on the market sell-off, attributing it to overcrowded trades in semiconductor and AI stocks on ‘Varney & Co.’
Gary Kaltbaum, President of Kaltbaum Capital Management, analyzes the recent market sell-off, noting overcrowded trades in AI and semiconductor stocks. He cautions against a “1999 action” reminiscent of the dot-com bubble, where concentrated investments led to sharp declines. Kaltbaum suggests a pull-back might occur, with markets rotating into different sectors.
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