Some Advisors On Edge As Clients Go Gaga Over Stocks
Financial Advisor | By Christopher C. Williams
The companies driving the record surge in stocks might be peddling artificial intelligence products, but the impact they’re having on the market and investor sentiment is very real. The Standard & Poor’s 500 has soared past 5,000, and the supersonic performance of companies such as chipmaker Nvidia has financial advisors fielding calls from clients eager to jump on the next big tech thing.
“We really don’t get many calls from clients when the market’s plunging,” said Greg Halter, director of research at Carnegie Investment Counsel in Cleveland. “We get calls when the market is strong, and they’re like, ‘Why don’t you buy more of this stock?’ Nvidia. That kind of stuff.”
Halter’s advice to those pining for high-flying stocks: Curb your enthusiasm.