January 12, 2024, 12:59 pm EST
Confrontation
As more wars and confrontation occurred like in the Middle East US-UK-Yemen it would bring more troubles for the stock markets as we saw today.
At the same time, Defense industry is going to rise: NOC, BAESY, LHX, GD, LMT, LDOS
Although expectations of lower rates may come in 2024, it comes with the background of a troubling economy and shaky environments.
Earnings and businesses also show a difficult time ahead as big banks reported: C, BAC, JPM.
Technically, major indexes are at the record high area. But, it would be hard to justify that record-high earnings are coming in 2024.
Therefore, it would be better to stay lightweight in the portfolio. Focusing on a few industries and stocks like defense because there is a little chance to make profits. Also, it should avoid holding positions that show red color in the portfolio.
