Strategist: Investors Shunning Stocks for Safer Bets as Market Struggles Under Weight of Expectations and Fading Fed Support

Investors are seeking better returns outside the stock market like money market funds rather than taking risks, says strategist Jim Bianco. This is making it tough for stocks.

The market is dominated by a few big tech stocks, while others struggle to gain, notes Bianco.

Stocks are being asked to do too much - make people wealthy, provide morality through ESGs, enable retirement, and entertain, says Bianco.

Bianco says the era of the Fed stimulating markets is fading, so hopes for a crash and buying spree are misplaced.

With the Fed's focus on stocks as a policy tool, the market faces competing forces wanting it to act in different ways simultaneously.