The S&P 500 had a strong first quarter of 2024, but the market has shown volatility in the early part of the second quarter. Investors are wondering if the run is over or if there are more gains to be had. Precious metals like gold and silver have been performing well, opening up new profit opportunities for investors. MoneyShow expert contributors provide insights into what to expect next and how to capitalize on these market movements.
Nancy Tengler of Laffer Tengler Investments discusses the longevity of the current bull market, noting that while there are concerns about stretched valuations, bull markets can continue for an extended period. Tengler emphasizes the importance of staying invested in the market and shares a chart that illustrates the impact of missing the best days in the market on portfolio returns. Despite the strong returns, Tengler acknowledges the possibility of a correction but remains confident in buying the dip.
Mark Skousen of Forecasts & Strategies reflects on recent economic data and market trends following a period of tight monetary policy and geopolitical events. Skousen highlights the discrepancy between GDP and gross output (GO) growth, pointing to leading indicators such as business spending that suggest a potential slowdown or recession in 2024. Skousen recommends positions in gold and uranium as they show positive momentum and potential for growth in the current market environment.
Brian Kelly of Money Letter identifies three key reasons for believing that the gains seen in the first quarter of 2024 are sustainable and that equity markets have further upside potential. Kelly points to steady economic growth, strong corporate earnings, and the continued momentum surrounding Artificial Intelligence (AI) as factors driving market performance. Despite concerns about expensive valuations in the tech sector, Kelly remains optimistic about the sector’s growth potential.
Cody Willard, a hedge fund manager and publisher of tradingwithcody.com, discusses his investment approach of focusing on revolutionary companies before they become widely owned. Willard highlights investments in companies like Alphabet, Apple, and Nvidia, as well as his bullish outlook on Tesla and emerging technology firms. Willard also shares his thoughts on the cryptocurrency market, noting recent market activities despite being a long-time Bitcoin investor. Willard provides a preview of his upcoming presentation at the Investment Masters Symposium Silicon Valley.
Overall, the current market environment presents both opportunities and challenges for investors. With ongoing volatility and economic uncertainty, it is important for investors to stay informed, diversify their portfolios, and be prepared to navigate market fluctuations. By following the insights and recommendations of expert contributors, investors can make informed decisions and capitalize on emerging trends in the financial markets.
