Only a Bear-Market 'Shock' Can Upend Tech: JPMorgan's Kelly

What You Need To Know

• It would take an extreme blow to market sentiment to derail the flow of cash into the Big Tech names soaring in 2024, the strategist says.
• Profit growth for these stocks is expected to slow, while the remaining S&P 500 companies are poised to see earnings accelerate, forecasters say.
• For long-term investors, Kelly recommends seeking opportunities outside of Big Tech, given how stretched those stocks' valuations are.