SPX Targeting 7K by Year End; Opportunities in Semiconductors, Metals, Mag 7 & More
Schwab Network · Schwab Network
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Show Notes
Mary Ann Bartels is looking for the SPX to hit 7K by the end of the year, and 7.2K early next year. However, she also describes the market as overbought with “very high valuations.” She notes that historically, October creates “bottoms” that act as buying opportunities, and Mary Ann argues we could see a 10% pullback before the next leg higher. Her top picks are in the semiconductor sector, saying we’re still “very early cycle.” She also examines some ETFs for opportunities.
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