August has been a choppy month despite an eleventh-hour rally. September, a historically stormy month , may not be any better. But some on Wall Street believe that the S & P 500 will be higher by the end of the year. There are a few factors that investors have to consider — how much the U.S. Federal Reserve will continue to hike interest rates , how sticky inflation will be, and key economic data on areas like jobs and housing.
" Avoid tech — but not completely Avoid mega-cap tech stocks such as the "Magnificent Seven" now, the pros said, referring to Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — tech stocks that have made massive gains this year. "Big tech stocks have run and valuations are richer than they have been. It may be time to trim back on the largest of tech names, locking in healthy profits, if positions have become overweight in a portfolio," Schleif said.