"Not worried about the declines": The investment manager who sees opportunity in financial and high-tech stocks

Raviv Carmi, CEO of Epsilon from the Phoenix Group, is not worried about the market declines and sees them as a buying opportunity. He estimates that the US market is relatively cheap and recommends financial stocks, local technology that has dropped by tens of percent, infrastructure, and green energy.

Raviv Carmi, CEO of Epsilon from the Phoenix Group, is not worried about the recent stock market declines and sees them as a buying opportunity. According to him, the declines are a correction rather than a trend change, and he notes that the TA-125 index has surged an additional 30% since his recommendation a year and two months ago. Carmi estimates that the US market is relatively cheap, with a forward P/E of 18 on the S&P 500 compared to an average of 20, and sees a rotation from volatile sectors to defensive ones like healthcare and infrastructure. He recommends exposure to financial stocks, local technology that has dropped by tens of percent, infrastructure, and green energy, and warns against economic complacency in Israel while calling for treating international sanctions with seriousness. The article includes investment portfolio recommendations for conservative and aggressive investors.