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Hot industrial stocks, and how we’re playing Wall Street’s pivot from tech

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The market is so possessed by tech that it can’t see the forest through the industrials. If the discourse isn’t about the slowdown in the cloud, it’s about who is pulling out of the now-private Twitter, or how disappointing it is that co-CEO Bret Taylor left Salesforce. Meta Platforms’ Mark Zuckerberg could sneeze and Amazon's CEO Andy Jassy could cough and it’s a bigger deal than United Airlines’ order for 100 Dreamliners from Boeing.

 

We don’t pay much attention to the industrials anymore. There aren’t that many of them. We are used to them being hostage to so many forces of negativity that they just aren’t worth our focus.

 

That’s wrong.

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