Analyst discusses why investors should consider taking profits now
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 for the index. While some bullish sentiment remains, the index has come down from it's all-time highs, raising some concern among other investors.
Wells Fargo Investment Institute Global Investment Strategist Veronica Willis joins The Morning Brief to give insight into the overall market and why investors might want to remain cautious among market uncertainty.
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."
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Видео Analyst discusses why investors should consider taking profits now канала Yahoo Finance
Wells Fargo Investment Institute Global Investment Strategist Veronica Willis joins The Morning Brief to give insight into the overall market and why investors might want to remain cautious among market uncertainty.
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."
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
Видео Analyst discusses why investors should consider taking profits now канала Yahoo Finance
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