🎁Shift to Growth Stocks Amid Bullish Expectations?
After a brief pullback last week, the market continues its strong performance this week.
The US stock market shows divergent trends, with $DJIA(.DJI)$ rising1%, extending to new historical highs, while $NASDAQ(.IXIC)$ turns lower.
The sector rotation has been ongoing.
$iShares Russell 2000 ETF(IWM)$ has continued its rise from last week. Fundstrat’s Tom Lee sees small-cap benchmark Russell 2000 surging by 50% in 2024.
Recent Trump trades also boost the stock price of small businesses, creating better profit prospects. A recent report by Goldman Sachs pointed out the optimism of small businesses have reacted more positively to Republican victories compared to Democratic victories.
$Upstart Holdings, Inc.(UPST)$ and $Affirm Holdings, Inc.(AFRM)$ surged yesterday. $Carvana Co.(CVNA)$ has risen 168% this year.
Will you shift to growth stocks?
Join our discussion to win tiger coins~
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when recession comes , those growth stocks will also tank.
Maybe AI is the more stable one?
or can consider the China market...? If decide to slow down investing pace, this is what I'll look for.
Can't decide then I will just dump into tiger vault.. [LOL]