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Weekly Market Update for June 23, 2023, from DeWayne Hall: Bull Run Break in the Stock Market Today

Weekly Market Update for June 23, 2023, from DeWayne Hall: Bull Run Break in the Stock Market Today

Stocks are taking a much-deserved breather this week, but so far in the stock market today we see nothing that suggests the end to this bull run. Just a rest. An orderly pullback.

Are Lagging Stocks a Good Option in the Stock Market Today?

We continue to look for opportunities in names that have been lagging the leaders. Our eyes are particularly drawn to stocks that have room to run as they play catchup to those that have already gone parabolic. 

There is some risk in taking on a laggard, but the good thing is we’ll know if we’re wrong pretty quick, and can exit with little damage. But the potential reward can be worth it, especially when the market is in a good mood.  And this market is definitely in a good mood.

The views expressed represent the opinion of Good Life Asset Strategies, LLC. The views are subject to change and are not intended as a forecast or guarantee of future results. This material is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. Stated information is derived from proprietary and nonproprietary sources that have not been independently verified for accuracy or completeness.

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