“Growth Names” may take a “Back Seat” as Stocks Continue to Rally.
“Growth Names” may take a “Back Seat” as Stocks Continue to Rally.
David Keller CMT from StockCharts.com joins Blake Morrow today to talk about what he’s seeing in the stock market as most indexes hit all-time highs. He does cite that the market is moving higher (mostly) as strength deteriorates, which he notes is one of the biggest risks to markets moving forward.
Dave believes that growth names like the Magnificent Seven stocks, or FAANG stocks may take a backseat as they are overbought, but sectors like utilities, trucking, homebuilders and other sectors may take leadership moving forward.
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