12/16/2024
By Charles Payne CEO & Principal Analyst

This is the last official Payne’s Perspective of 2024 unless there is a market emergency, in which case there would be emergency updates.

We are heading to one of the best election-year markets in history, marked by historical occurrences and events.

On the surface, it looked like a year when anyone could throw darts, which would have been fine if regular returns had been maintained, but there was a gold rush that produced outsized winners that investors live for. I always needed to understand the Wall Street mentality of running away from winners to find comfort in laggards. 

The impact of Artificial Intelligence (Al) seeped across several sectors:

Technology (XLK):

• (PLTR) Palantir Technologies
• (NVDA) Nvidia
• (AVGO) Broadcom

Utilities (XLU):

• (VST) Vistra
• (CEG) Constellation Energy

Communication Services (XLC):

• (META) Meta Platforms
• (GOOGL) Alphabet

 There was much green on the screen, but very few stocks have outperformed the market.

Conclusion

It has been a great run, and while I’m aware of how it is for the market to post three 20% plus years in a row, I’m extremely pumped.

The world is going through a technical transition that will change our lives in ways we have only seen in literature, songs, and movies.

It will bring much fear, anxiety, and economic distress, but the net outcome should benefit humankind.

And it is extremely beneficial to stock market investors.

Merry Christmas

Happy New Year

God Bless.

Be Safe. Be Blessed. We Will Win.

To read the full report, contact your account representative, or email Info@wstreet.com

Charles Payne
Wall Street Strategies

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