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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Billionaire Bill Gross' Tip for Investing: 'Stick To Value Stocks, Avoid Tech for Now'

Bill Gross Microsoft Jamie Dimon United States
(Screenshot: Williamhgross.com)

In a recent post on X, Billionaire investor Bill Gross urged investors to avoid tech stocks. His recommendation came after the Bureau of Economics announced a weaker-than-expected U.S. GDP growth in Q1 2024 at an annual rate of 1.6%.

As consumer prices remained elevated, Wall Street began pricing in reduced chances of interest rate cuts this year.

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