Tech pullback?

I’m writing this on the Amtrak back to New York. There’s something soothing about trains that I miss. It’s not crowded, it’s comfortable and the wifi is pretty darn reliable. I always get a lot of work done on train rides. Perhaps it’s as simple as not having calls - I’ve got too many of those nowadays.

Markets are trending towards a tech pullback as people seem to be shifting towards safer investments such as the S&P 500. We’ll see if this continues over the coming weeks.

Corrections are healthy and create some great buying opportunities. I still have a heavily weighted portfolio towards tech and plan to keep it that way. With all that said, I’ll be playing a bit more defensive over the next coming months. I’ll be looking to trim some of my outsized positions due to gains and look to diversify my portfolio a bit more away from tech.

There’s a lot of names that are tempting out there for me including $RBLX and $CPNG and $PATH among many others. These recent IPO stocks will likely have some better buying opportunities in the future so I’ll wait patiently in this market. I know there’s a lot of nervous folk out there and it’s best to play it safe given the last year’s gains.