Brian Vendig Discusses the Stock Market Rally Beyond Tech

Brian Vendig, president of MJP Wealth Advisors, spoke with MarketWatch to discuss how investors are looking beyond tech stocks for next phase of the stock market’s rally.

“The Magnificent Seven will still be contributing to earnings, but the proportion as compares with other areas of the equity complex is going to be less,” said Brian Vendig, chief investment officer at MJP Wealth Advisors.

He attributed that to expectations that companies outside of tech will benefit from normalized supply chains in the wake of the pandemic, moderating wage growth and changes made to corporate balance sheets and business models.

“It’s not to say that tech is a bad place to be because they’ve had a big run,” Vendig said. “But there are other companies experiencing earnings growth.” Read full article here.

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