Be careful of chasing market 'exuberance': Strategist
The S&P 500 (^GSPC) has seen as historic run recently, with the index gaining over 19% in the past 6 months, and multiple firms raising their target goals for the index. While some bullish sentiment remains, the index has come down from it's all-time highs, raising some concern among other investors. Wells Fargo Investment Institute Global Investment Strategist Veronica Willis joins The Morning Brief to give insight into the overall market and why investors might want to remain cautious among market uncertainty. Willis offers this advice to investors: "There are still economic uncertainties and there's still some potential for a little bit of a market downturn. So maybe taking some profit in some of those areas that have performed well and rotating into some of the sectors that we do like right now, energy, industrials, materials, and healthcare could be a smart move as those valuations might be better at this point." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
