With Friday’s jobs report and other recent economic data prints pointing to a slowing economy, the stock market is in the midst of a summer sell-off led by stretched-valuation stocks and mega-cap tech names. “Rightly so, investors have done an about face scrutinizing tech and looking for new areas,” said Eric Lynch, managing director at Scharf Investments during a recent appearance on Reuters TV. Despite the tech wreck and increased volatility in the market, we see this as a “healthy recalibration” with plenty of opportunities for investors in other sectors where valuations are good.

Go to Video

https://www.reuters.com/video/watch/idRW402402082024RP1/?chan=business