The Correction Just Started, So When Will It End?

Jun. 24, 2024 12:17 PM ET36 Comments
Victor Dergunov
Investing Group Leader
(9min)

Summary

  • Many high-flying stocks are experiencing pullbacks, including Nvidia, Broadcom, and Micron.
  • The Shiller P/E ratio is high, but the market may continue to rise due to solid growth prospects and potential rate cuts.
  • Focus on future earnings, with earnings season approaching, and consider implementing a portfolio plan to navigate market volatility.
  • Looking for a helping hand in the market? Members of The Financial Prophet get exclusive ideas and guidance to navigate any climate. Learn More »

Mapping the gains and losses of stock investments

twohumans

We discussed caution in our previous market update article. I outlined that many market-leading companies got overheated from a technical standpoint and that valuations had become concerning, with a likely rest/pullback in the near term for many high-flying stocks. Many momentum

Are You Getting The Returns You Want?

  • Invest alongside the Financial Prophet's All-Weather Portfolio (2023 47% return), and achieve optimal results in any market.
  • The Daily Prophet Report provides crucial information before the opening bell rings each morning.
  • Implement my Covered Call Dividend Plan and earn 50% on some of your investments.

All-Weather Portfolio vs. The S&P 500

Don't Wait! Unlock Your Financial Prophet!

Take advantage of the 2-week free trial and receive this limited-time 20% discount with your subscription. Sign up now and start beating the market for less than $1 a day!

This article was written by

Victor Dergunov
51.91K Followers

Hi, I’m Victor Dergunov, MBA, and I’ve been an active investor for over 20 years. My passion for investing started early, and I’ve spent two decades honing strategies that consistently deliver results. Whether it's tech giants like Apple and Tesla or opportunities in commodities and crypto, I provide diversified insights to help you succeed. Join me, and let’s take your investing to the next level.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am long a diversified portfolio with hedges.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Related Analysis

Trending Analysis

Trending News