Reported about 1 year ago
On July 2, 2024, the US and Taiwan stock markets saw significant gains, causing investors to fear chasing highs and hesitate to enter the market. Zhongzufund CEO, Su Haoyi, mentioned that the recent market surge is primarily driven by a few large technology and value stocks. Despite investor concerns about unhealthy concentration, financial performance of the 'Big Seven' in the US stock market for Q4 of 2023 and Q1 of this year remained the best in the S&P 500 index, backed by fundamental support. Su pointed out that as of 6/28, 10 out of 11 industries in the S&P 500 index have shown gains, with 7 industries increasing by at least 7.48%, narrowing the gap with the overall market's 15.07% increase and indicating more balanced sector performance. Market anticipates profit growth for other companies post-Q2 in line with the 'Big Seven,' improving risk appetite for stocks beyond them. Despite short-term fluctuations, Su remains optimistic about the US stock market, urging proper asset allocation and risk management while highlighting the human tendency towards loss aversion and FOMO. Regular investment through mechanisms like Zhongzufund's scheduled investment plan can help mitigate these emotions and promote disciplined investing. For more insights, click on the link in the content.
Source: YAHOO