Mark Newton, managing director at Fundstrat Global Advisors, suggests that the current market is experiencing a correction phase. He notes that while many sectors are underperforming, the tech sector remains robust. Therefore, investors are encouraged to optimize their diversification strategies to navigate these uncertain market conditions.
Positive
The technology sector is likely to continue its strength in the face of a market correction, providing opportunities for gains despite the general downturn.
Positive
Investors may want to consider diversifying into ETFs that focus on defensive sectors, as these might mitigate losses in a volatile environment.
Oct 11, 2024, 1:58 PM
Prices in segments of the U.S. economy, like some imported goods, consumer electronics and gasoline, have deflated since September 2023.
Oct 10, 2024, 4:06 PM
Investors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
Oct 10, 2024, 8:53 AM
The annual cost-of-living adjustment will increase monthly checks for millions of beneficiaries, including retirees and disabled workers.