GLOBALT Investments senior portfolio manager Keith Buchanan joins Wealth! to break down how investors can rebalance their portfolios as Wall Street heads into the second half of the year.) in the first half of the year,"now we're looking at becoming a little more balanced as it's coming into this earnings season, which we think is critically important...
Uh So this earnings season is really gonna be a barometer of where those 10, 7 to 10 names or so, uh, will contribute to, to guidance and S and P 500 earnings in 2024 and 2025. Uh The financial, we feel like the steeping of yield curve is will make those names pop up over the last couple of weeks. So the world and rightfully so because as if that earnings growth is five instead of nine, the multiple of the market completely changes.Um as the SV 500 again, has been priced for tremendous growth frankly over the last second half of this year and next year, uh whether we can fulfill that expectation as yet to be seen to what extent?
Um That's a, that's we feel like some more predominant uh dictator of the direction of the markets at this point.
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