Bill Gross Says Stick to Value Stocks, Avoid Tech as US Yields Soar
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Bill Gross offered some advice to investors as Treasuries and equities slumped Thursday after some worrisome US economic data: “Stick to value stocks, avoid tech for now.”
If investors must dabble in technology companies they should buy Microsoft Corp., the erstwhile bond king wrote in a post on social-media platform X, in which he also quoted Don McLean’s 1971 hit song “American Pie.”