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Stocks: Market Update for February 3, 2023

Weekly Market Update for February 3, 2023, from DeWayne Hall: Stocks

Stocks continue to catch a bid, some in a big way. Bad news is now good news, and good news is great news. That’s the recipe for a nice run.

It looks like there may be some left in the tank, but in the near term (one to two weeks) the market is way overextended, and throwing all in at this juncture just chasing stocks that have already had big moves might be a bad activity. You may want to wait for a much deserved pullback over the next week or so to see if this latest bull run still has some legs.

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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