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Investors should steer clear of stocks with questionable fundamentals in 2024 as these tend to fall more compared to those with strong fundamentals, when markets turn volatile.
As part of the portfolio readjustment for the year 2024, the brokerage prefers increasing exposure to largecaps (over smallcaps/microcaps). It would be better to tactically take home some profits in the broader market (read small/microcaps), it added.
A key recession indicator highlighted by Rosenberg is the inverted yield curve, which has been inverted for 13 months, the longest period since 1979-80.
The attacks on vessels in the Red Sea have led to a rise in shipping costs, while possibility of rate cuts by Fed has lifted sentiments.
Mumbai, Stating that the country's external balances are stronger than expected on the back of strong inflows, a Wall Street brokerage on Tuesday projected