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Be careful of chasing market 'exuberance': Strategist

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Wells Fargo Investment Institute Global Investment Nyheter

Veronica Willis,Market Uncertainty,Market Downturn

The S&P 500 (^GSPC) has seen as historic run recently, with the index gaining over 19% in the past 6 months, and multiple firms raising their target goals...

While some bullish sentiment remains, the index has come down from it's all-time highs, raising some concern among other investors.

Willis offers this advice to investors:"There are still economic uncertainties and there's still some potential for a little bit of a market downturn. So maybe taking some profit in some of those areas that have performed well and rotating into some of the sectors that we do like right now, energy, industrials, materials, and healthcare could be a smart move as those valuations might be better at this point.

NEW YORK -Former President Donald Trump agreed on Monday to additional restrictions on the $175 million bond in the former U.S. president's New York civil fraud case, resolving concerns by the state attorney general that the funds were not secure. The bond issued by Knight Specialty Insurance is meant to secure Trump's compliance with a $454.2 million judgment won by state Attorney General Letitia James if he does not succeed in an appeal.

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