Energy, commodities and technology will be the best performing US stock market sectors in 2024, according to Wolfteam Ltd.'s projections and estimates.
The two super regional wars in Ukraine Russia and in Israel, the Middle East will keep the demand high for oil, base metals to produce weapons, grains and softs to feed the armies and population and precious metals prices will also most probably increase due to the demand for safe heaven assets.
Technology on the other hand is strategic for future warfare and the large and mid-sized technology US companies already possess millions of terabytes of information, which gives them a significant edge and eases their growth potential in the future. What is more, with the advent of artificial intelligence, AI all the information gathered by the magnificent 7 technology stocks Apple, Microsoft, Alphabet, Amazon, Meta, NVIDIA and Tesla and many small and mid-sized technology companies will be analyzed, researched more efficiently and valuable insights will be extracted, which later could be turned into revenue and ultimately profit via harvesting user visits and engagement.
Energy will be the top performing US stock market sector in 2024, according to Wolfteam Ltd.'s estimates.
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