Stock Market Rally Powers On: Expert Says Diversify Holdings and Remain Invested for Further Gains
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The stock market continues to rally, defying even the most optimistic predictions. Chartmaster David Keller says to "respect the trend" and continue investing.
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The rally is broad-based, with the market heavyweights no longer solely driving returns. This improving breadth presents opportunities.
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Keller expects the S&P 500 to end the year above current levels, with 4,910 and 5,050 as key support. He'd likely buy dips to those areas.
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With mega-cap tech stocks stalling, investors should diversify into travel, restaurants, biotech, industrials, and materials.
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Specific stocks and ETFs to consider include Hilton, Marriott, Airbnb, Restaurant Brands, iShares Biotech ETF, and economically sensitive sectors.