Tom Lee of Fundstrat says bank stocks are the faang of 2024 is he right?
Will bank stocks double in 2024 like faang did in 2023? Here is a weird analogy…Wells Fargo and Citibank doing mass layoffs like Meta and Google did last year…
Financials and healthcare are leading the current market
Yup…in 1995 when the fed did the first rate cut financials took off and outperformed tech by a huge margin for a year…
By financials do you just mean the typical banks? Ex Bank of America, Wells Fargo etc
Here’s a good tip for you. If someone says “buy this stock!”, it’s because they already bought it. They want you to buy in after them so that the price goes up and they can dump their bags on you and people like you. I wouldn’t trust anyone giving out recommendations like that.
Lol, another pundit who's probably got a vitamin business he needs to boost.
Bank stocks don’t outperform the market long term. Just buy and hold the NASDAQ.