5 Well-Positioned Relative Price Strength Stocks to Buy Now
The U.S. stock market has maintained an impressive rally since January 2023, with the S&P 500 surging 24% in the year and adding another 27% year to date in 2024. This momentum is set to continue as favorable economic data and the Federal Reserve’s dovish stance provide strong support. Recent rate cuts, totaling 75 basis points over two meetings, and the possibility of further reductions signal an accommodative monetary policy, fueling investor optimism.
A robust U.S. economy bolsters this rally, with GDP growth of 1.6%, 3%, and 2.8% across the first three quarters of 2024. For investors, focusing on “relative price strength” offers a strategic advantage in this thriving market, highlighting stocks with enduring upward momentum.
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