Reported about 19 hours ago
Bill Gross, the billionaire investor and co-founder of Pacific Investment Management Co., advises investors to shift their focus to defensive stocks as the recent US stock market rally loses momentum. He anticipates modest returns moving forward, potentially hindered by high valuations and geopolitical risks, while acknowledging positive factors like targeted inflation and AI investment spending. Gross suggests maintaining average market exposure, emphasizing the importance of a balanced portfolio amid an uncertain economic outlook.
Source: YAHOO