As the calendar flips to 2024, many are hoping for the stock market’s hot streak to continue.
After finishing strong during the final two months of the 2023, the markets continued their upward trend all of last week. Which local financial advisor Howie Pentony says is a trend that could continue.
“It looks like there’s not going to be a recession. It looks like the Federal Reserve is done raising rates,” Pentony said. “So it looks like the market should continue to rally.”
Pentony says the tail end of last year helped boost the market’s performance in 2023.
“November and December were incredible. I think the market was up about 10 percent in those two months, so most of the gains happened late in the year,” Pentony said.
He says many of the tech stocks are still driving the market.
Pentony is the founder of Pentony Capital Management in Portersville.
