Reported 22 days ago
Michael Kantrowitz, chief investment strategist at Piper Sandler, predicts that the markets will experience sideways movement for the remainder of 2024, with larger companies maintaining resilient earnings while mid- and small-cap stocks face potential disappointments. As unemployment rises and inflation falls, expectations for earnings are set to decline. Major tech and industrial stocks may outperform, but Kantrowitz advises cautious portfolio positioning ahead of the approaching election.
Source: YAHOO