As we continue to chug along here in early 2023, it feels like the market still waits for every piece of economic data or speech from Jay Powell. However, under the surface, there are more and more stocks participating in the rally. Let’s see what that means moving forward!
Here’s what I’ve been reading this morning:
‘The Market’s Breadth is Improving as More Stocks Join Rally’ – Hannah Miao – The Wall Street Journal
- As I alluded to above, more and more stocks are starting to turn things around and participate in this early-year rally. This article takes a look at this rally’s durability and how it might hold up into the spring.
‘Was That It?’ – William Ehart – Humble Dollar
- 2022 was one of the toughest years in recent memory for mega-cap technology stocks. Even as some of these names continue to lay employees off, their stock prices are rebounding at remarkable rates. This article wonders in regards to the tech “crash”, was that it?
‘Savers Poised For Gains as Inflation Falls: Where to Put Your Cash Now’ – Lorie Konish – CNBC
- The record-high inflation from 2022 seems to be coming down over the last few months. With that in mind, and interest rates continuing to go up, this article looks at where to put your cash to maximize interest.
‘Where Do Millionaires Keep Their Money?’ – Nick Maggiulli – Of Dollars and Data
- Although some may argue that a million dollars isn’t the same as it used to be, it’s still a substantial amount of money. So what do they do with it? Nick looks at where millionaires keep their money – from the usual stock/bond investments to more unusual places.