EXCLUSIVE: Todd Gordon Tells 'PreMarket Prep' Bull Market Will Continue In 2024
Portfolio Pulse from Piero Cingari
Todd Gordon, founder of Inside Edge Capital and TradingAnalysis.com, reviewed 2023 and provided predictions for 2024 on Benzinga's PreMarket Prep. He admitted over-diversifying his growth fund in 2023 but noted the tech sector's resilience. For 2024, he highlighted the importance of yield curves and predicted a stable interest rate environment, which could benefit tech investments. Growth stocks, particularly the Vanguard Growth ETF (VUG), are expected to outperform value stocks, like the Vanguard Value ETF (VTV). Gordon also mentioned the large amount of money in money market funds and the potential impact of Federal Reserve rate adjustments. He remains cautiously optimistic about the continuation of the bull market and sees growth in AI, cloud computing, and cybersecurity.
December 27, 2023 | 2:41 pm
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POSITIVE IMPACT
Todd Gordon predicts growth stocks to outperform value stocks in 2024, suggesting a positive outlook for the Vanguard Growth ETF (VUG).
Gordon's analysis indicates a favorable environment for growth stocks due to expected stable interest rates, which traditionally benefit growth-oriented investments like VUG.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
According to Todd Gordon, value stocks may underperform compared to growth stocks, which could impact the Vanguard Value ETF (VTV).
The expected outperformance of growth stocks as per Gordon's analysis suggests that value stocks, and by extension VTV, might not fare as well in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80