S&P 500 turned on a dime, and the daily rally turned out indeed one to chase. It's as if the BoE stepping in had the power to bring about a similar Fed turn – it obviously doesn't, and one swallow doesn't make a spring. Still, the move ushered in celebration in the beaten down assets – from real to paper. As I wrote on Tuesday:
Given the jubilation in bonds , it's reasonable to expect that the bulls won't give up this easily – so far, we're getting the consolidation, right in the premarket, and it's accompanied by a decent but not stellar USD comeback. That makes for a little muddied picture of today's regular session, where the bulls are likely to struggle at yesterday's intraday highs .
Q: Of the large-cap growth names, what are your thoughts on e.g. Microsoft, APPLE, Google, Amazon, and even Verizon or AT&T long term? For us Baby Boomers, aren't they risky now in light of the macro climate ? Or do you think it makes sense to barbell these names with the dividend stocks such as PEP and ? For a 5-10 year horizon.
The key in your due diligence is to look for companies that have proven track record of raising dividends like clockwork over the past say at least 3 years. They also must be in industries which face bright prospects, and I mean essential resources including oil as well.
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