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McGough mentioned that while the "Mag 7" continues to draw considerable investor attention, focusing on a broader range of large-cap equities could provide a more stable approach amid evolving market conditions. Additionally, he assessed the potential of fixed-income investments, suggesting that now might be the right time for investors to consider duration bonds, given forecasts indicating rates may decline.
As Nvidia prepares to report its earnings, McGough advised keeping a close eye on the company’s forward guidance, reflecting cautious market sentiments on growth sustainability.