Why 'boring' stocks are the secret to stability in a volatile market
The market (^GSPC, ^IXIC, ^DJI) is experiencing volatility, leading many investors to focus on high-flying stocks, but maintaining a diversified portfolio remains key. Summit Place Financial Advisors founder and president Liz Miller joins Wealth host Brad Smith to explain why "boring" holdings are essential during uncertain times. Miller notes that while stocks like Nvidia (NVDA) and Microsoft (MSFT) were popular, they've recently come under pressure. "It certainly has been an uncertain market, and to my mind, that's when that full diversification comes into play," Miller says. "I talk about the parts of the portfolio that felt boring over the last year or so, like a healthcare holding or a food and beverage kind of holding, which really weren't participating in last year's strength." Miller points to recent economic data, noting the impact of income growth and consumer spending patterns. "Personal income was up — in line with expectations but growing. And then personal spending for the month was down, and that was a big miss ... it's really reflecting exactly what we're seeing in this market, which is just this sloshing uncertainty," she highlights. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Josh Lynch
