Simon considers the continued strong stock market momentum and how it augurs for more gains over the coming 6-12 months. However, he cautions that the margin for error is thin at current stretched valuation levels and how discipline must be maintained given the high likelihood of bumps along the way. He places the current parabolic move in gold in historical context and questions the merits of the metal as a long-term strategic asset class to own in a meaningful way. He shares some highlights from the latest earnings reports from COF, WFC, RTX and LVMH.

WIG Stocks: COF, WFC, RTX and LVMH

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.