Reported about 1 year ago
LPL Financial's chief technical strategist Adam Turnquist joins Market Domination to share market outlook for the second half of 2024. While acknowledging record highs, Turnquist points out concerns like market overbought conditions, diverging market breadth, and declining economic indicators leading to a predicted short-term pullback. However, he advises investors to buy the dip for long-term gains in a 'field of dreams bull market' where mega-caps lead. Turnquist suggests focusing on communication services, industrials, and energy sectors for potential investment while avoiding health care for the near-to-intermediate term.
Source: YAHOO