Owning individual stocks is your best bet now, with the market stuck in ‘purgatory’

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The purgatory the stock market currently is consigned to could last a long time. By “purgatory” I’m referring to an overall directionless market that trades above its bear-market low but below its previous high.

That’s the bind the U.S. market is grappling with now: The S&P 500 SPX is trading above its low of last October, but below its high at the beginning of 2022.

Many…

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