These 4 Names Became the Risk-Off Bet

Here's which to short and which to go long.   [These 4 Names Became the Risk-Off Bet]( By Mark Sebastian Dear Profit Takeover reader, This afternoon’s breaking news: the Fed hikes another 25 basis points, with plans for one more hike this year, and then it’s taking its foot off the gas. In short, it’s about the banks and the latest disaster they’ve brought us to the brink of. But there’s another troubling undercurrent to watch out for as an investor and to trade as a trader… Remember when tech just couldn’t fail? For years at a time, the biggest names in the industry - Microsoft, Google, Amazon, Apple - could only go higher and higher and higher. And then, WHAM! Pandemic. But, just like the banks, apparently, some lessons are just too hard to learn because the numbers I’m watching this week in big money flow tell me that we are once again in majorly overbought territory in the tech giants. Maybe it’s unfair to say investors are repeating their pre-pandemic tech mistakes. It’s more like they just have nowhere safe to go anymore. They don’t want to sit on the sidelines anymore. They don’t want to get crushed by market volatility. So when things look scary - like the recent collapse of SVB, they run to safety. [Today’s new safe haven may surprise you.]( Until next time, Mark Sebastian   By texting INCOME to 21852, you are expressly consenting to be texted about investing news, trade alerts and marketing communications from Money Map Press, LLC about Money Morning's Red Alert text messaging service at the phone number you use, even if the phone number is on a corporate, state or national do not call list. You also consent and unconditionally agree to our [Privacy Policy]( and [Terms of Use]( including the arbitration provision and class action waiver contained therein. Your consent is not required to make a purchase. Msgs may be sent using automated technology. Message frequency varies. Msg&data rates may apply. Text HELP for HELP and Text STOP to STOP. You are receiving this e-mail at {EMAIL}, as part of your subscription to Profit Takeover. To remove your email from this list: [unsubscribe here]( To cancel, or for any other questions or requests, please contact our Customer Service team: Online: [Customer Service Form]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Profit Takeover | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday - Friday between 9:00 AM and 5:00 PM ET. © 2023 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( [Privacy Policy]( | [Terms & Conditions](