While many investors are celebrating all-time highs for the S&P 500 (^GSPC), some on Wall Street are still cautious, as the debate over when the Federal Reserve will cut interest rates still rages on.
NFJ Investment Group Managing Director Burns McKinney joins Yahoo Finance to discuss stock market trends and why investors need to keep an eye out for potential volatility going forward in 2024.
McKinney comments on where he thinks the overall market is heading: “You’re starting to see a bit of a broadening, whereby a lot of area that were laggards last year have started to maybe make a little bit of a breakout move. Areas that didn’t do as well last year, things like real estate, things like utilities. Even some of the banks. And so, what we’re advising investors to build a portfolio of quality names. And likewise, because inflation sometimes does have a second wave, and in case it does make a comeback, one of the best ways to combat that is companies that are both paying and raising dividends is a great place to be in this type of market. “
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor’s note: This article was written by Nicholas Jacobino
