The bull market persists, with the S&P 500 (^GSPC) hitting its fiftieth-record high last week. F/M Investments CEO and CIO Alex Morris joins Seana Smith and Brad Smith on Morning Brief to discuss what’s next for the equities market and how investors should navigate the rally. “Nothing is going to stop this move to the upside,” Morris tells Yahoo Finance. He notes the context of the US presidential elections, saying, “It’s a little bit of a surprise. Going into this, the Trump trade was seen as short equities and bear steepener. What we got was bear steepener plus long equities.” Morris adds, “If you were short equities in any way going into this, you were really disappointed, and you’re probably going to be. [As the fundamentals suggest] things are probably just going to get a little cheerier for companies over the balance of the year. It seems like being long mega-cap stocks stayed to be a good idea. Being long stocks, in general, is a good idea. It’s probably a good play through at the end of the year.” “Markets always are looking for that thing to say ‘Here’s why it’s not going to work’ … But long term, it turns out just being long and relatively perma-bullish tends to be the right idea,” he says, adding, “I think investors are smart just to kind of play the trend here for a while. It’s going to continue to work, it seems. When it doesn’t, you’ll have an opportunity to back off and reposition.” Morris says for investors looking to play the current market rally, “This one’s a pretty simple one. Just stay put.”
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