Why Investors Shouldn’t Give Up On AI, “Big Tech” In 2024 (Plus: The Path To S&P 5,100+)


Image Source: PixabayKeith Fitz-Gerald is Principal at the Fitz-Gerald Group, as well as a long-time market analyst, researcher, writer, and commentator. In this video segment for 2024, we explain why investors should not give up on Artificial Intelligence (AI) or “Big Tech” this year, even after such a strong 2023 for both.We add that people should take a broader view of the AI revolution, including how it will permeate many other industries outside of tech (with healthcare and pharmaceuticals just two of them) – and invest accordingly. We go on to talk about the outlook for Federal Reserve policy in 2024, and how markets will likely react to the end of the Fed hiking cycle. Plus, we share opinions on why investors should stay focused on the bullish big picture, while not letting Wall Street pick their pockets during short-term pullbacks.The video then offers a take on digital currencies, Bitcoin, and key crypto market developments. And after almost hitting the nail on the proverbial head with a year-end 2023 S&P 500 target, we lay out the case for why the benchmark index should rise to 5,100-5,200 by the end of 2024. Finally, we give a sneak peek of what we’ll discuss at the 2024 MoneyShow/TradersEXPO Las Vegas, set for Feb. 21-23, 2024.00:10:04More By This Author:Top Picks 2024: Baxter InternationalTop Picks 2024: BYD Co. Ltd.Top Picks 2024: Exscientia Plc

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