Posted 11/28/2023, 9:18:08 PM
Robust Economy and Tech Innovation Driving Market Higher
- U.S. economy is strong thanks to wage growth and low unemployment, padding consumer pockets and ability to spend
- Median household net worth has increased 37% in 3 years, also helping fuel consumer economy
- Big tech companies like Microsoft, Alphabet, Amazon have strong balance sheets and generate lots of free cash flow
- Artificial intelligence and companies like Nvidia leading next wave of economic growth
- Author believes big cap tech/growth stocks will continue to lead the market higher due to their financial strength