2024-05-20 11:37:10 ET
Summary
- The S&P 500 closed at a new all-time high as the market prepares for interest rate easing and favorable economic growth.
- High-quality companies in sectors like AI, cloud, and cybersecurity are poised for significant stock price increases.
- The Fed is expected to start easing rates soon, which should push stocks higher and create growth opportunities.
Provided the market's tenacity to move higher, being a bear doesn't pay off much of the time. I know this from first-hand experience. I was often bearish and unsuccessful in the early stages of my investment career. Of course, I am not saying that a healthy dose of caution is not a good thing, and being perma bullish is probably not healthy in any market and any regard. Nonetheless, I've discovered that it's much more productive to find reasons to be optimistic about stocks rather than to try to pick reasons why the bullish thesis may fall apart. After all, we are likely in the early stages of a bull market cycle (could be long-term), and there could be much more upside in future years....
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Being A Bear Doesn't Pay