#q2 #investing #investors #yahoofinance
GLOBALT Investments senior portfolio manager Keith Buchanan joins Wealth! to break down how investors can rebalance their portfolios as Wall Street heads into the second half of the year. Buchanan explains that while focusing on large caps (^DJI, ^IXIC, ^GSPC) in the first half of the year, “now we’re looking at becoming a little more balanced as it’s coming into this earnings season, which we think is critically important… This one is critically important to this bull market we’re on because of the 10 largest names in the S&P 500 generate very large, disproportionate amount of the growth as well.” He adds that this is going to become more challenging into 2025. He says that large-cap tech and AI-oriented names have been the major market drivers, and investors should look for outside opportunities. He points to middle and high-end consumers who have been keeping the market out of a recession, making Costco (COST) a particularly great investment. With the 2024 presidential election looming ahead, Buchanan adds equity markets may face pressure as a result. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
Yahoo Finance: Market Coverage, Stocks, & Business News
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
source
