The S&P 500 has risen by more than 6% already in 2023, and the Nasdaq is up by nearly 13% — and we’re just six weeks into the year. In this video, Fool.com contributors Tyler Crowe and Matt Frankel, CFP®, discuss the recent market action and whether this rally is sustainable.
*Stock prices used were the morning prices of Feb. 10, 2023. The video was published on Feb. 12, 2023.
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Matthew Frankel, CFP® has positions in Offerpad Solutions and Redfin. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Offerpad Solutions, Opendoor Technologies, and Redfin. The Motley Fool recommends the following options: short February 2023 $7 calls on Redfin. The Motley Fool has a disclosure policy.
Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.