The stock market loves narratives. In 2020, it was growth stocks, companies resistant to a pandemic-induced slowdown, and renewable energy. Meme stock mania took over in 2021, as well as an overall stock market rally. 2022 was the year of unexpected inflation, defensive income and value stocks, and a major mega-cap tech sell-off.

And 2023 has been the return of growth, mega-cap tech, artificial intelligence, and the hope that the war on inflation is ending.

No one knows what 2024 will bring, or any year for that matter. Rather than try to predict the future, a better strategy is investing in trends that stand a good chance of playing out over time, not just over the short term.

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Source Fool.com