John Zechner's Top Picks: November 7, 2023

Top picks from John Zechner, chairman and founder, J. Zechner Associates

FOCUS: North American large-cap stocks 

MARKET OUTLOOK:

Financial market troubles of the past two years continued from September to October, despite heading into what is typically the strongest period of the year for stocks. We have maintained a defensive posture in our managed accounts. We continue to expect some reprieve in stocks before year-end as valuations have become more attractive and interest rates have peaked, so we started to add to our very low stock weight in anticipation of some recovery.