12/13/2023 The One Two Punch…But Still Fight On…
Russell E. Towne | December 13, 2023
AUTHOR: russell.towne@townewealthmanagement.net/BLOG 12/13/2023: Towne Wealth Management BLOG:
The One Two Punch…But Still Fight On…
Two main factors are responsible for the S&P 500 growth in 2023, says Barron’s 12/11/2023. The first culprit is Big Tech, driven by opportunities in artificial intelligence. Apparently, these opportunities are providing additional revenue sources that are leading to gains. Secondly,non-tech stockshave joined to the rally in the past couple of weeks, as investors believe the Federal Reserve will stop rate increases as inflation subsides. Nevertheless, the article commented that with the stock market at 22 times earnings per share for the past 12 months, a recession could be looming.And yet, many pundits are suggesting that….One should selectively buy into any end-of-the-year correction….In other words:“Your portfolio could take a punch…
But Still Fight On…
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Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.