With 2024 imminent, many investors are wondering how to allocate portfolios and what the Federal Reserve will decide regarding interest rates. While there are many strategies to consider, there are certain mantras that will work best for the new year. Cole Smead, Smead Capital Management CEO, and Matt Maley, Miller Tabak Managing Director, join Yahoo Finance to discuss the top market mantras every investor should consider going into 2024.
Maley cautions against one mantra that has worked well in recent years – buy the rumor, sell the news. “It is likely the S&P (^GSPC) might not make money over the next decade, including dividends, and when I say likely that’s our bet,” Maley says. “The other thing I’d throw out there is, that is a nightmare for retirees, that is the kind of world that people are not preparing for on this hype and excitement, and the question is ‘Is stock market failure going to cause everyone to lose enthusiasm for stocks?’ and that is a real danger.”
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