Reported about 1 year ago
Wells Fargo Investment Institute senior global market strategist Scott Wren recommends investors to move away from highly valued and momentum-driven sectors like computer services and technology, and consider reallocating into 'undervalued' sectors such as industrials, energy, and healthcare, noting the difficulty in timing market highs. With an eye on impending growth after a current slowdown, he suggests focusing on industries vital to AI development like industrials and materials, and advises patience in navigating the market's potential fluctuations.
Source: YAHOO