Don't Just Focus on the Hottest Stocks
- Fed Chairman Powell’s dovish comments from yesterday seem to be giving stock investors the green light to keep on buying. (Why not, he just told us that any rebound in inflation is likely transitory.) The bond market is not responding to the same degree, but unless the stock market sees a quick/strong reversal soon, Mr. Powell’s comments will the catalyst for further gains.
- The hottest stocks (and asset classes) could/should continue to do well if the market keeps on chugging higher. However, there are some other (more boring) names that could also help the investors’ performance over the rest of the year. So, don’t be afraid to look for some stocks that could play catch-up going forward.
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