INVESTING: WHERE TO INVEST NOW
Kiplinger's Personal Finance|July 2023
Use our roadmap to prosper in a directionless market.
ANNE KATES SMITH
INVESTING: WHERE TO INVEST NOW

When investors think about the stock market, they tend to characterize it in one of two ways: It's either a bull market or a bear market, with a clear direction, up or down. But there's a third option, and we've been living it the past year. Call it a trading range or sideways market. If you had to pick an animal correlate, maybe it would be a crab. 

For the past year, the S&P 500 index has fluctuated between roughly 3500 and 4300. But with a few exceptions, the broad-market barometer has stayed within 5% of the 4000 level, notes Bob Doll, the chief investment officer at Crossmark Global Investments. That shows a fairly even match in the tug-of-war between the bulls and the bears, he says, and fits with one of his top predictions for 2023: "This will be a year when neither the bulls nor the bears will be satisfied as volatility continues in both directions."

The stock market will, of course, break out of its range eventually, and it could do so before the end of the year. But in which direction? Wall Street is very much divided on this question, with strategists' price targets ranging from as high as 4600 to one strategist’s worst-case scenario of 3500. A number of forecasts cluster around 4300 at the high end (up 3% from the S&P 500’s level of 4169 on April 30, the date for prices and other data in this story) and roughly 3900 toward the low end (down 6%). Or consider a recent note from Goldman Sachs, in which the three-month, six-month and year-end S&P projections were all 4000.

Diese Geschichte stammt aus der July 2023-Ausgabe von Kiplinger's Personal Finance.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der July 2023-Ausgabe von Kiplinger's Personal Finance.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS KIPLINGER'S PERSONAL FINANCEAlle anzeigen
FREE HELP FOR COLLEGEBOUND STUDENTS
Kiplinger's Personal Finance

FREE HELP FOR COLLEGEBOUND STUDENTS

This program’s mentors assist applicants as they fill out the FAFSA, write essays and more.

time-read
2 Minuten  |
December 2024
WHAT YOU SHOULD KNOW ABOUT SPOUSAL IRAS
Kiplinger's Personal Finance

WHAT YOU SHOULD KNOW ABOUT SPOUSAL IRAS

You typically need earned income to contribute to an individual retirement account, but a spousal IRA provides an important exception to this rule.

time-read
2 Minuten  |
December 2024
SELLING SHARES? HERE'S HOW TO MINIMIZE TAXES ON YOUR GAINS
Kiplinger's Personal Finance

SELLING SHARES? HERE'S HOW TO MINIMIZE TAXES ON YOUR GAINS

ET'S say you've been regularly buying shares in a booming tech company over the past few years, but now you want to start taking some of those profits, perhaps to rebalance your portfolio.

time-read
5 Minuten  |
December 2024
Strategies for Novice Investors
Kiplinger's Personal Finance

Strategies for Novice Investors

AS part of a lifes kills program for young, single mothers, I was asked to teach a class on how to get on top of your finances.

time-read
3 Minuten  |
December 2024
ANSWERS TO YOUR 529 PLAN QUESTIONS
Kiplinger's Personal Finance

ANSWERS TO YOUR 529 PLAN QUESTIONS

Thanks to recent policy changes, families have more options for what to do with money sitting in these tax-advantaged accounts.

time-read
6 Minuten  |
December 2024
Rate-Cut Winners and Losers
Kiplinger's Personal Finance

Rate-Cut Winners and Losers

NOW that the Federal Reserve has cracked the interest rate ice, the next development will be to separate winners from losers.

time-read
2 Minuten  |
December 2024
SHOULD YOU BUY THESE RED-HOT FUNDS?
Kiplinger's Personal Finance

SHOULD YOU BUY THESE RED-HOT FUNDS?

Covered-call ETFs are popular but come with plenty of caveats.

time-read
6 Minuten  |
December 2024
DIVIDEND STOCKS ARE READY TO REBOUND
Kiplinger's Personal Finance

DIVIDEND STOCKS ARE READY TO REBOUND

Our favorite dividend payers are poised to benefit as falling interest rates lure investors back.

time-read
10+ Minuten  |
December 2024
IS A 55+ COMMUNITY RIGHT FOR YOU?
Kiplinger's Personal Finance

IS A 55+ COMMUNITY RIGHT FOR YOU?

These age-restricted developments appeal to older adults seeking abundant amenities and an active lifestyle.

time-read
8 Minuten  |
December 2024
AT LONG LAST, RATES ARE DROPPING
Kiplinger's Personal Finance

AT LONG LAST, RATES ARE DROPPING

Consider these portfolio moves now that the Federal Reserve has cut its benchmark interest rate.

time-read
4 Minuten  |
December 2024