VTI - VTI: Charting Positive Macro Trends Amid Bullish Price Action (Rating Upgrade)
2024-06-10 00:35:31 ET
Summary
- US stocks experienced a minor correction in April, with a 6.3% dip in the Vanguard Total Stock Market Index Fund ETF.
- Earnings growth has outperformed expectations, particularly in the tech sector, leading to optimism for future earnings for both large- and SMID-cap companies.
- The summer season is historically bullish for stocks, and the current presidential election cycle suggests a strong period for US stock allocation.
- While there are risks such as uncertainty around monetary policy and elevated valuations, I see risks skewed to the positive side.
US stocks suffered a mini correction in April. The dip was hardly anything to write home about, just 6.3% on the Vanguard Total Stock Market Index Fund ETF ( VTI ). ...
VTI: Charting Positive Macro Trends Amid Bullish Price Action (Rating Upgrade)