Long-Term Bonds To Outshine S&P 500 In 2024, Asset Manager Predicts: 'You Get More Bang For The Buck'
Portfolio Pulse from Benzinga Neuro
Vance Howard, CEO of Howard Capital Management, predicts that long-term bonds could outperform the S&P 500 in 2024. He cites the recent rally in the bond market and expects inflation to cool down with potential rate cuts by the Federal Reserve. Howard has invested in the iShares 20+ Year Treasury Bond ETF (TLT) and recommends the Invesco QQQ Trust (QQQ) for portfolio diversification. Bonds have seen their largest monthly gain in nearly 40 years, signaling a shift in Wall Street's expectations towards rate cuts.
December 27, 2023 | 1:54 am
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POSITIVE IMPACT
Vance Howard remains bullish on tech stocks and recommends the Invesco QQQ Trust (QQQ) as an attractive investment for portfolio diversification.
Howard's bullish stance on tech stocks and recommendation of QQQ for diversification suggests a positive short-term outlook for the ETF.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
The iShares 20+ Year Treasury Bond ETF (TLT) has rallied recently and is expected to perform well into 2024 according to Vance Howard, with potential rate cuts by the Fed and cooling inflation.
The positive outlook on long-term bonds by Vance Howard, coupled with the recent rally and expectations of rate cuts by the Fed, suggests a bullish sentiment for TLT in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90