Experts believe US tech stocks will continue to lead market with high valuations and growth potential.

From Morningstar:

A panel of experts discusses investing in the new year at Morningstar’s Executive Forum for 2024. Factors such as inflation, rate hikes, and thematic investing were covered. The experts pointed out that while growth may slow in Canada, it remains strong in the US. The Magnificent Seven tech stocks continue to lead the market, with high valuations but justified growth potential. Dividends remain popular among investors for income, but high interest rates won’t last. Liquid alternatives are being considered by Franklin Templeton for 2024, offering true diversification but posing challenges in selecting the right manager. Morningstar advises caution in thematic investing, as it requires picking the right theme, fund, and timing for optimal returns.



Read more at Morningstar: ‘Keep The Magnificent Seven Stocks in Your Portfolio’