Stock Market Volatility Is Rising: Here’s Where Pros Are Trimming Their Positions
The S&P 500 is having a monster year. The benchmark is up 22% so far in 2024. And at more than 22 times forward earnings, the S&P is trading well above its long-term average of 15.7.
The question for investors now is whether to trust the momentum will continue or to look for opportunities to take profits. Based on conversations with several investment advisors, there isn’t a lot of trimming going on outside of regular rebalancing, but there are still some tactical adjustments being made. For this week’s Big Q, we asked advisors:…