Strategist says investors should be cautious and plan for a pullback
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- เผยแพร่เมื่อ 30 มิ.ย. 2024
- As markets (^DJI, ^IXIC, ^GSPC) face pressure following semiconductor giant Nvidia's (NVDA) reversal of rally gains, Wells Fargo Investment Institute senior global market strategist Scott Wren joins Morning Brief to offer his insights.
Wren observes that the computer services and technology sectors are currently "very highly valued, very momentum driven." He advises investors to consider trimming some of their gains in these areas and reallocating into sectors he views as "undervalued," such as industrials, energy, and healthcare. However, he urges patience, noting that "picking the top in any run is difficult."
Addressing the AI boom, Wren highlights the potential of companies within the industrials and materials sectors, which he believes will be instrumental in building out the necessary infrastructure. "Those two sectors play out with those themes," he explains. "But I think overall you need to think about the economy," Wren told Yahoo Finance, adding: "So I think right now you want to position for... what might happen after this slowdown."
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I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024.
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA ’ANGELA LYNN SCHILLING’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
bots going crazy in here 💀
Nobody knows anything.
Agree, none of us have a crystal ball.
Small cap companies gonna enjoy rate cut
This diversification portfolio does help reduce risk. But it also does not produce outstanding profits.
High interest rates got the market dazed and confused. First it's market's bullish, screw interest rates to screaming at Fed Reserves to bring rates back down already😂