Not everyone on Wall Street expects clear skies ahead in the second half of the year.
In fact, while many are calling for the sector and broader market to finish up for the year, they are also bracing for heightened volatility as questions loom over whether the economy will continue to decelerate into a recession.
For investors fearing they missed out on 2023′s AI-driven rally, a silver lining could come in the form of a market correction, spurred by volatility, and some profit-taking.
“There will be an opportunity to get into some of these stocks at probably better levels than you’re at now,” Szilagyi said. “It is just the nature of markets.”
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