• Hedgeye Investing Summit: A Special HedgeyeTV Webcast Event

    The sharpest minds in investing discuss the most important market and economic developments and their investing implications. Join Hedgeye CEO Keith McCullough and our special guests live from October 14-16.

Technology was the best sector to be long in 2017. Its stellar returns wrapped the year up over 32%. (It was also at the top of our team’s recommendation list.)

But what about 2018?

Yes, tech seems expensive. Yes, tech will start running into more difficult comps in the first quarter. That said, Hedgeye CEO Keith McCullough says to stay bullish for now and remain patient.

“I know a lot of people want to get negative on tech,” McCullough says in the video above. “I told you that will run into tougher comps in the first quarter of ’18. But this is where the market gives you an opportunity to wait for a better entry point.”

He stresses that one of the most important factors when it comes to any call – long or short – is timing.

“I want you to really understand market timing and really respect it,” McCullough says. “Some of those people didn’t and lost a lot of money last year.”

Watch the video above for more.

McCullough: You Thinking of Shorting Tech? - etf pro