His advice: Now is probably a good time to do some spring cleaning in your portfolio.
That notion is not yet consensus. We re talking about peak growth, but the idea here is that this reopening is just getting started, Franklin Templeton senior portfolio manager Mike Labella said on CNBC. We just hit a major milestone with 50% vaccinations in the United States, and that number is only going to get better in the United States and in Europe, which is a couple of months behind. So there s really more room to run in this rally, but it s probably going to come more from value and cyclical sectors than from the tech trade, which is more of last year s.
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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Michael Batnick, director of research for New York-based Ritholtz Wealth Management, warned investors against overconfidence in
It Gets Harder From Here,
“We’ve had bear markets before, but we’ve never had this type of rally in such a short period of time … If you feel like this is easy, check yourself. Do not get out over your skis. This has been a favorable environment for stocks and for raising money, and for cryptocurrencies of all shapes and sizes. So now is probably a good time to do some spring cleaning in your portfolio. I never advocate wholesale changes, but maybe trim some shrubs. In the unlikely e