The stock market (^GSPC, ^IXIC, ^DJI) is expected to experience fluctuations throughout this year due to various economic factors. Dakota Wealth Management senior portfolio manager Robert Pavlik joins Wealth host Brad Smith to discuss how the market landscape may differ from last year.
“What worked all last year probably won’t work all this year; you’re not going to have all these big Mag Seven type of rallies that are going to carry the overall market,” Pavlik says.
He emphasizes the importance of carefully selecting quality companies that align with one’s personal risk tolerance.
“If you have a high degree of risk, then maybe an Applovin (APP), a Palantir (PLTR), [or] a Snowflake (SNOW) matches into your portfolio,” Pavlik explains. “But if you’re like the rest of us … you’re probably looking at names that I’ve suggested in the past, like Costco (COST) … or Alphabet (GOOG, GOOGL).”
Pavlik also touches on the “barbell approach” in investing, suggesting that while tech stocks like Apple (AAPL) can be included, focusing on steady performers in sectors like healthcare (XLV) and consumer discretionary (XLP) is key.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
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