S&P 500: Don't just 'chase the momentum,' strategist says
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- čas přidán 16. 06. 2024
- Multiple financial firms have raised their target goals for the S&P 500 (^GSPC) with Evercore ISI going as far as raising their target from 4,750 to a record-breaking 6,000.
Roth MKM Partners Chief Economist and Macro Strategist Michael Darda joins Market Domination to give insight into the bullish sentiments behind the S&P 500 and what investors need to keep in mind.
When asked about the implications of these new year-end targets, Dard states: "We have to be very careful about just chasing the momentum here. There's an old Bob Farrell quote that parabolically rising markets 'do not correct by going sideways.' And so it's very unlikely when you're in a frenzy like this with a lot of chasing, that it just simply peters out and levels off. And so my advice would be not to get involved in a chase, not to be using leverage. And then really just the basics, diversify. Maybe look at some areas that have been laggards all within the context of putting together a multi-year portfolio."
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Unimantic, you are welcome!
To the moon with Unimantic!
Yahoo brings on the worst of the bunch, no wonder they went downhill as a company years ago when they give space to worst strategies/analysts out there.
Dont believe any analyst who repeats the cliche "try to diversify". Typical non-advise and it leads to AVERAGE returns.
Worst advice they can give people is to diversify, you buy AI stocks because they are future and you hold them for a decade, you will make most gains, NVDA, GOOG, AMZN, META, APPLE TESLA, all Mag7s will benefit most from AI in future and they have greatest balance sheets, tons of cash and will buy out every smaller AI company in the future, so best way to deversify is buying stocks of all of those companies but having main players like NVDA*leader hardware, Goog, MSFT(leaders software) 50%, Apple and Tesla maybe 25%.