[DrHitch]

I received this market update from Schwab... The market seems to be doing well.....the only caveat is that this post was posted to join a WhatsApp group....


I predict that energy and consumer staples stocks will continue to decline.

Hi, I’m Liz Ann Sonders, Chief Investment Strategist at Charles Schwab. You may have seen me on “Louis Rukeyser’s Wall Street Week” or read my analysis in various financial publications. I’m known for my commitment to individual investors, providing insights on market trends, economic analysis, and investor education. Our goal is to help everyone achieve financial independence through smart investing.

Currently, tech stocks are experiencing a major resurgence, reclaiming their lead this year, while energy and consumer staples are under pressure—especially energy, which has significantly lagged behind.

Why will energy and consumer staples stocks continue to decline?

Firstly, the current economic backdrop is marked by slowing growth, rising interest rates, and persistent inflation. In this environment, energy and consumer staples face increasing challenges. While traditionally seen as defensive sectors, both appear to be encountering resistance.

Secondly, from a supply-demand perspective, global energy demand has weakened. Coupled with supply chain recovery and policy shifts, there’s limited room for energy prices to rise. Meanwhile, high inflation has eroded consumer purchasing power in the staples sector, limiting household spending. Companies relying on imported raw materials face rising costs and shrinking profit margins.

For these reasons, I believe investors should shift their attention to growth sectors or emerging technologies, rather than sticking with traditional defensive sectors. The current macroeconomic conditions suggest a significant revaluation may be on the horizon.

Focus for the second half of 2024

The focus should be on tech companies utilizing breakthrough technologies such as artificial intelligence, DNA sequencing, gene editing, robotics, electric vehicles, fintech, 3D printing, and semiconductors.

[coralway]

Saw the same exact post on FB, trying to get you to join some WhatsApp group. Also saw very similar posts claim to be from folks like Josh Brown, Tom Lee, Steph Link, etc. IMO, they are all fake news

[ElDiabloJoe]

Originally Posted by DrHitch

...

Hi, I’m Liz Ann Sonders, Chief Investment Strategist at Charles Schwab. You may have seen me on “Louis Rukeyser’s Wall Street Week” or read my analysis in various financial publications. I’m known for my commitment to individual investors, providing insights on market trends, economic analysis, and investor education.

Anyone that has to spoon-feed me their resume and tell me what they are known for is telling me what they WANT to be known for, not necessarily what they are truly known for (often fraudulent, under-experienced, under-educated, etc.).

They are simply trying to immediately register in a reader's mind that they should be listened to before they vomit up their advice/angle.

This "Release" from Schwab should be taken with the largest grain of salt one can find.