Stock Market Today: Confrontation

January 12, 2024, 12:59 pm EST


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. 

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