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As markets cool following the Nvidia-ld (NVDA) tech rally, CEO and CIO of Laffer Tengler Investments Nancy Tengler joins Market Domination Overtime to offer insights on current market and economic conditions. Tengler is hopeful for a market correction, stating it would "clear out all the rubble" and ultimately benefit markets. She views such corrections as opportunities for long-term investors to find favorable entry points. Drawing parallels to the 1990s, Tengler suggests, "We're not at the 1999 end of the decade; we're in the middle of the decade." Tengler downplays the importance of Federal Reserve policy, noting that even if rates are cut once this year, it's unlikely to impact market dynamics significantly. She cautions against letting mixed Fed communications drive portfolio decisions. For investment strategy, Tengler recommends focusing on "old economy companies" with "long-term secular tailwinds." She cites Walmart (WMT) as an example, highlighting its integration of AI into its legacy business model. "These are companies that have pivoted, and those are the ones we want to own," she advises. However, Tengler expresses concern about the state of the consumer, particularly noting that low- to mid-income consumers "are getting squeezed" in the current economic environment. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
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