Be careful of chasing market 'exuberance': Strategist

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 45 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

Wells Fargo Investment Institute Global Investment News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BMO Chief Investment Strategist Predicts TSX to Outperform S&P 500BMO chief investment strategist Brian Belski believes that the pace of the U.S. equity market rally is unsustainable and that as a result, the TSX will outperform the S&P 500 in the coming months. Mr. Belski’s most recent research report outlined how U.S. markets are broadening out – returns are less driven by megacap technology companies and more determined by sectors with slower profit growth rates – and so performance of the S&P 500 will likely be choppy and flat in the coming months.
Source: globeandmail - 🏆 5. / 92 Read more »

Evercore's Emanuel on earnings: Good news may not be so goodAs companies in the S&P 500 (^GSPC) — especially Big Tech leaders — begin to report first-quarter earnings, it's evident companies' prospective stocks are...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks close mixed: Dow Jones snaps six-day losing streakThe Dow Jones Industrial Average (^DJI) manages to close out Tuesday's session higher, while the S&P 500 (^GSPC) and Nasdaq Composite ( ^IXIC) lag and see...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »