The big index was up nicely today (after the worst week since Silicon Valley Bank blew up). Verizon (VZ) and Nvidia led the way as Apple (AAPL) failed to dazzle with its product-line reveal.
If you take a step back and consider the market’s current prospects, it becomes clear that, for everything that’s happened, players are still suffering from “shiny objects syndrome.” The idea that we’re attracted to stock razzle-dazzle isn’t a new concept of course, but how much longer will investors bite on any flash from a “shiny” object?
As I’ll show you in a moment, it’s all too easy for investors to chase shiny objects like Palantir (PLTR) and Verizon (VZ)... only to end up eating away at their own long-term returns.
Here’s what’s happening - and what I think is the real smart play at a time like this…