- The stock market rally has hit a wall, and stocks look expensive after their explosive climb.
- Economic fears seemed to fade this summer but returned in full force as problems abroad threatened.
- Investors searching for a good deal may want to look at Morningstar’s list of best companies to own.
Stocks have been on a rocket ship this year, but have drifted sideways in the last few trading sessions.
Ever since the banking crisis in March and the announcement of Nvidia’s first-quarter earnings, the market has been on a tear. Monetary policy has become less hawkish, leading investors to price in the possibility that the US may avoid a recession after all. Between mid-March and the end of July, the S&P 500 rose an incredible 20%.
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