3 Stocks That Will Turn $500 Into $100 000

3 Stocks That Will Turn $500 Into $100 000

U.S. stocks ended a choppy session mostly lower Tuesday, with the Nasdaq Composite closing at its lowest in more than two years as the tech-heavy index and the S&P 500 index extended a losing streak to five sessions. The Dow Jones Industrial Average DJIA, +0.12% closed with a gain of 36.31 points, or 0.1%, at 29,239.19, after rising more than 400 points at its session high. The S&P 500 SPX, -0.65% fell 23.55 points, or 0.7%, to close at 3,588.84, leaving it less than 0.1% above its 2022 closing low from Sept. 30 at 3,585.62. The Nasdaq Composite dropped 115.91 points, or 1.1%, to end at 10,426.19 — its lowest finish since July 28, 2020.
Stocks remain dogged by worries the Federal Reserve’s desire to combat rampant inflation with still-higher borrowing costs will hurt economic activity and crimp corporate earnings. “This is an awful stock market environment that is grappling with a weakening economy, uncertainty over earnings and how long the Fed’s tightening will last, and sentiment issues with an extremely risk averse investor psychology,” said David Bahnsen, chief investment officer at The Bahnsen Group, a wealth management firm based in Newport Beach, Calif. with $3.85 billion in assets under management. “While we believe a recession is inevitable, it’s impossible to factor this into an actionable stock market view because we don’t know how much recession risk is already priced into markets,” he said, in emailed comments. “There is a significant chance that by the time we are in a recession, markets will already be pricing in the recovery, as markets are forward looking.”

Disclaimer: I am not a financial advisor and the topics discussed in this video are not to be taken as investment advice. Just my personal opinion being shared. Nothing more.

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