Stock markets are unbelievably looking super good
With the Dow Jones and S&P 500 at all-time highs and the Nasdaq flirting with it overnight, it’s pretty understandable that experts are warning us to be ready for a pullback.
Peter Switzer is the founder of Switzer Group - a content, publishing and financial services firm. Peter is an award-winning broadcaster, talking each morning to 2GB's Ben Fordham about the latest in finance and money. You can read his views daily on Switzer.com.au, and subscribe to Switzer Report for his latest insights, analysis and recommendations.
With the Dow Jones and S&P 500 at all-time highs and the Nasdaq flirting with it overnight, it’s pretty understandable that experts are warning us to be ready for a pullback.
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Like a gift from Santa Claus, who this year is Jerome Powell of the Federal Reserve, stocks have surged this week, reinforcing a trend that started seven weeks ago for Wall Street.
This won’t surprise you but I’m expecting a better year for stocks than what we saw in 2023, though the December quarter was a ripper, as I expected. As with all years with stocks, there will be tailwinds and headwinds, but I suspect the former will outweigh the latter.
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