Investors are left to navigate a brittle landscape.
"You have to call it your textbook tug-of-war between price action and the wall of worry," said Quincy Krosby, chief global strategist at LPL Financial. "With all the headlines, with all the worries embedded in those headlines, how is it that the market has held up?" .SPX .DJI YTD line S & P 500 gains so far in 2023 Indeed, the market has lived through a lifetime of scary headlines in the first three months of 2023.
mountain Apple compared to the S & P 500 Only five of the 11 S & P 500 sectors are positive for the year, despite the substantial rally for the index. That lack of breadth has market bears worried that the gains so far are unsustainable. Interestingly, though, Hackett said he thinks investors would be best off forgetting about the early leaders out of the gate and focusing elsewhere.
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