Navigating the Stock Market: Investing in Hot Sectors with Reduced Risk

The communications services sector has been the best performer in the stock market this year, but technology stocks have been leading the way. Forward price-to-earnings ratios are lower for most sectors than they were at the end of 2021, but stocks are not cheaply valued in general. Tesla had its annual meeting on Tuesday, and its stock has risen 47% this year. Apple is now worth more than the entire Russell 2000 Index. Experts predict that artificial intelligence will change every aspect of everyday life.