I agree fully with his views. There is no way around except to agree that valuations of the magnificent 7 and s&p500 are high yet not in irrational exuberance. With expected rate cuts for the rest of the year, that should continue to drive stock prices up. So, I agree with his strategy to reduce aggressive positions and to increase defensive positions. However, I would do this closer to the year end santa rally to try to gain more returns.


My portfolio is still heavily on the s&p500. Across the board, it is currently hard to find defensive assets at attractive prices. For now, I would try to take profit at a later time to yield cash so that I can buy during dips. I think from next year onwards, cash might be king when the market corrects or potentially a recession. I would prefer to have cash for bargain hunting. @LuckyPiggie @HelenJanet @Kaixiang @DiAngel @Universe宇宙 @SPOT_ON @Wayneqq @SR050321 @Success88 @Fenger1188 come join