Investors show interest in tech stocks and commodities, oil prices surge

In 2022, the market was stable in the US and other parts of the world. The investors are confident that the coming year 2023 will bring them prosperity. Surveys indicate that in the USA, 90% of retail investors have plans to continue with their investment. Many investors cautiously adjust their portfolio to get maximum returns. As all the sectors are operating in full swing, smart investors are keeping bonds, equities, commodities and ETFs in their portfolio. The retail investors are confident that by next year, things will stabilize completely as they are expecting the onset of the bull market.

Tech stocks are the most popular choice among the tech investors

In the last few years, a new generation of investors have entered the market. They have a different perspective. The tech stocks are in a strong position because the technology-related companies are performing very impressively. Most of the investors are holding back their tech stocks with the belief that they will get a much better result in the coming days. The experts are also confident that tech stocks will deliver impressive results in 2023. This year most of the retail investors have invested in tech stock. According to a survey, almost 34% investors believe that the tech sector has the best potential. Almost 20% of the retail investors are showing interest in commodity stocks. Many experts also believe that giant companies have a golden future, and they are likely to continue with impressive performance.

The investors have also started showing interest in renewable energy. This sector has become immensely popular in 2022. Almost all countries are eager to encourage clean energy investment. Companies that belong to low-carbon energy, solar panels, etc. are likely to benefit.

Oil continues to hold a strong position

Due to the possibility of more supply cuts by OPEC, the oil prices are also jumping. The demand for oil is growing as all the sectors are now active. The Organization of Petroleum Exporting Countries (OPEC) is committed to support the prices. In early December, the cartel will organize a meeting and decide about the level of production. The West Texas Intermediate crude futures were standing at $77.27 per barrel. The Brent oil futures rose by 1%, and it was standing at $84.09 a barrel. Earlier, OPEC had announced that it might reduce supply by 2 million barrels per day. As a result, oil was touching $100 a barrel. Energy crisis has also appeared due to the Russia-Ukraine war.

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