Cautious on valuations, bullish on insurance and IT: How Nilesh Shetty is positioning for the next 12 months

A cautious Nilesh Shetty of Quantum Advisors warns of a possible earnings disappointment in the next three to six months, citing El Niño risks, IT job losses, and unabsorbed cost pressures. Despite the caution, he sees deep value in private banks, insurance, and large-cap IT. He is trimming metals, autos, and power stocks, which he considers overvalued.