Economic data isn't bad but pricing is off, says Morgan Stanley's Chris Toomey

Chris Toomey, Morgan Stanley Private Wealth Management managing director, joins CNBC's 'Closing Bell' to discuss market outlooks, expectations for the Fed, and more.

[@donhug-q8k]

What's the best approach to capitalize on the current market conditions? I'm deliberating on whether to diversify my $400k stocks portfolio. How should I reallocate stocks in my portfolio

[@OliviaDawn32]

The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.

[@ric-morris7763]

Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.

[@donhug-q8k]

Who are you working with please?

[@ric-morris7763]

The decision on when to pick an Adviser is a very personal one. I take guidance from Glen Howard Chester‘ to meet my growth goals and avoid mistakes,he's well-qualified and his page can be easily found on the net.

[@donhug-q8k]

Thank you for the lead. I searched him up, and Booked a call session. hopefully I can get some insight

[@kurtKking]

Whatever data , we cant deny We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

[@AmithKaury]

Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

[@Monicamonasky-]

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst

[@rachelonigirl]

Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.

[@Monicamonasky-]

Her name is. SUNITA CHACHY JOSEPH . Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@rachelonigirl]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@ShellyHuerta]

Well, I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered and I don't know where to go here out of devastation.

[@PatyRamírez-z9z]

The safest approach I feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

[@JuneTalley]

@@PatyRamírez-z9z I totally agree. A financial advisor can provide valuable insights and help ensure that our investment portfolios are aligned with our long-term financial goals. They have the expertise to navigate through market fluctuations and make informed decisions.

[@ShellyHuerta]

@@JuneTalley I’ve been down a ton, I’m only holding on so I can recoup, I need help, who is this investment adviser that guides you?

[@JuneTalley]

@@ShellyHuerta Her name is “Victoria Carmen Santaella” can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@ShellyHuerta]

@@JuneTalley Thank you for this amazing tip. I just looked the name up and wrote her explaining my financial market goals.

[@LindsayHoran]

I Need some inputs on managing my Stock Portfolio of around 400K and how to invest to deal with markets ups & downs

[@CadeCowell-ft4fe]

Knowledgeable Investors know where and how to put money in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage market conditions.

[@Izzobird]

Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.

[@Nateknighty]

Hey friend, can I work with your Fiduciary?

[@Izzobird]

Yeah, she is Jennifer Leigh Hickman, look her up. Anyone is free to contact her.

[@Lynn-jw9kf]

Searched the web and saw her profile and accreditations, someone with great experience I must say, thanks!

[@yangbomb2]

Very rational. I have been doing exactly same. Collecting interest from T-bills, bond and now start to think entry points. Let the market settle first ofc

[@Devocion-Souza]

From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family. ❤️>

[@WebsterVissel]

How please?

[@Devocion-Souza]

All I do is simple I just activate my account to copy trades from Evelyn Manson and that's all

[@Devocion-Souza]

Trading crypto now should be wise, but trading without an expert isn't advisable. I tried trading on my own but keep on losing. I think I'll give her a try

[@MarcusSausi709]

Venturing into crypto as a newbie was very difficult due to lack of experience which resulted in loosing funds......... But Evelyn Manson, restored hope shes a good woman

[@Reynold-Kelly]

Her name rings a bell; I've encountered it multiple times, usually associated with stories of her trading achievements. She deserves a lot of credit.

[@albacus2400BC]

So do you think it's best for us who are not institutional investors to focus on index funds or individual stocks? I want to redistribute my 60k portfolio and I preferably want the asset class with the best return on investment.

[@cloudyblaze7916]

Index funds are a safer bet to start. They offer good diversification. But individual stocks could make you a fortune if you know how to go about it. Some people make upper six figures yearly from investing alone. But it's always a good idea to work with a financial advisor. It raises your chance of profit by a lot.

[@bestofcountry7637]

Sometimes I'm surprised most people don't even know they can do that. I've been making at least 200k every year from my investments by working with an FA. When you realise it, it feels like a life hack.

[@albacus2400BC]

Wow, that's interesting . I've recently been exploring the option of working with an FA too. Any chance you could recommend who you work with?

[@bestofcountry7637]

Marissa Lynn Babula is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@hildeman9533]

Thanks a lot for the recommendation. I'll send her an email and I hope I'm able to connect with her.

[@AbdulSalam-zt2kz]

Buy

[@brutebiz82]

Well, I wouldn't be selling at this point. Time to sell was probably a couple weeks ago. Although, seems like this recalibration phase has another 5-10% pullback left before things might start to settle.

[@sanesanyo]

In the end, no one really knows. Its always after the fact, people try to explain.

[@ichoudhury007]

Good news is bad news. Bad news is, horrible news. That’s right 😊

[@Anthony-dj4nd]

Party just starting 🎉

[@cozyslor]

He could have bought "those" companies at current price or lower all the way up. So some of the Mag 7 pull back 10%-15% and he sees it as an entry point? They were at these prices not so long ago. This guy has been collecting his 5% money market and just waiting for a 10%-15% pullback? He's an example of a manager/advisor who wants to be smart when you just need to hit it down the middle of the fairway.

[@aaronmoravek]

Tesla and AMD are way too high. The rest of mag 7 may be high, but investors are believing they can continue to perform for years to come.

[@CurryNato2030]

"TIDE GOING OUT" LETS GO SWIMMING

[@Ba5iK]

15 years of 0-1% interest rates does not correct itself in 3-6 months. It's going to get worse.

[@ganeshr4371]

why is that ? what will happen you think ?

[@Ba5iK]

@ganeshr4371 not gonna pretend like I know everything, just common sense though.

[@djayjp]

Wasn't that 2022?

[@Ba5iK]

@djayjp not even close.

[@matteob1275]

Sell off from Mag7 in preparation for the rotation into the Small and mid caps and from bitcoin into alrcoins, the tides are changing

[@jon4823]

This is what a soft landing looks like, people. Stop panicking. It's literally what we were predicting all along.

[@clifftanch]

The hypothesis here is the rate of speed of ascent is in absolute terms = the rate of speed of decent: I wonder if that is true?!

[@asdasd-yr7wi]

it's a buyers market. So the psychology is diffrent. You rarely buy in a panic, but in selling you do.

[@clifftanch]

@@asdasd-yr7wi That accords with my psychology (or weakness). I am far more wary of a Recession Today. If a Recession, all Investing Plans go awry. Good Wishes to you. 👍

[@WiCapitalco]

Ai was a giant scam. Dan ives should be held accountable

[@rickhayes-oh2zm]

what does the fed want to do

[@darrendent8288]

OR its hedge funds selling for the end of the fiscal year. BE HONEST!

[@HectorBeltran-p3z]

🤔🧐🤔🧐

[@cavemanstyle1376]

So what you sat out of tech during this huge run and now we give back a few months and you're a buyer and feeling like a genius? 🤣

[@LumenMichaelOne]

1:04 ... Scott Nvidia earnings were really good but the stock has sold-off since. That WAS good news but not a Walk-Off Grand-Slam. Not justified ... but it is that way. Good news was good ... but not The Greatest of all time - sell-off.

[@Dptl]

Bad = Bad?🤔

[@janelbest1522]

See profit...Take profits...this pullback is expected...play it smart...load up ppl.

[@PeterParker-wj3cr]

Mr. Market is irrational in both directions. The only difference is, investors feel ebullient when the market is irrational on the way up!

[@g.a.brownetylutanic2028]

And Scott tries to out lipstick on a pig. Where does this guy get his date from? Anyone reacting this week are 6 - 8 months behind. So much BS.

[@matthewmolina9485]

I agree with the moderator. Things aren't that bad. There are too many monkeys climbing on the bandwagon of Despair because that's easy

[@beHGCRDsmart]

🕯I think we need to look at the fact that the Holiday Shopping Season is here, the Presidential Election is here, and the Rates may not go down.. BUT they are definitely NOT GOING UP. ✅Trendline Bounce.

[@PurnimaChetry-vx5zy]

౪౪౬౬౭౮౯ ౦ /