Investors Are Buying Growth: Steward Partners’ Beiley

Market Sentiment & Trends - Risk appetite is high among investors, particularly since late July, favoring growth over value stocks [1][2] - The Russell 1000 growth index is up over 17% year-to-date, indicating strong growth equity performance [2] - The "Magnificent Seven" (Mac Seven) stocks are currently leading the markets, with Apple recovering to positive territory for the year [3][4] - Semiconductor sector is performing well, with Micron being a key name to watch for insights into air infrastructure direction [9][10] Valuation & Investment Strategy - High valuations of leading stocks are a concern, suggesting caution for new investments [5][6] - Diversification is recommended for new money, rather than increasing bets on already successful positions [6] - Investors should assess their portfolio's risk exposure based on the size of their positions in high-performing stocks [8] Future Outlook - Despite expecting a pullback, the market is anticipated to remain positive overall, with buyers likely to step in during corrections [11] - Earnings, particularly from companies like Oracle, are expected to drive market growth [7][8]