As US stocks (^DJI,^GSPC, ^IXIC) extend gains brought on by President-elect Donald Trump’s reelection, investors may be wondering what is the best positioning for their portfolio heading into 2025 under a new administration. MJP Wealth Advisors chief investment officer Brian Vendig joins Wealth! Host Brad Smith to discuss his market strategy ahead of the new year. “It’s classic to say, ‘stay diversified,’ but I think it’s because we’ve seen over the course of the year, a very small handful of stocks contribute significantly to the overall market returns, and it’s only really been over the last half of the year [that we] have seen some broadening out and some other traditional value sectors outside of mega-cap tech,” Vendig says. “As we look into next year, recognizing that there is a little bit of a push-pull between the mosaic of some different policies that could come out under the new administration, I want to make sure that investors are not overpaying for growth and [make] sure that they’re looking at other areas outside of mega-cap tech that have growing earnings and lower valuations.” The strategist adds, “I’m not saying abandon tech, but I’m just saying [be] very selective on where you’re going to invest in the space. Because when troubled waters and concerns start to impact the markets, it’s usually those sectors that have run up the most are the ones that are going to sell down the most and leave the markets more into a correction.”
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