2 Magnificent Growth Stocks Billionaires Keep Buying Hand Over Fist Before 2023 Ends
On the heels of last year's historic downturn, 2023 has been a very different animal. Each of the major stock market indexes has gained more than 20% from their bear market lows, with the gains fueled by easing inflation and the expectation that the Federal Reserve Bank may be done raising interest rates. Finally, at just 5% off its previous all-time high, the S&P 500 is on the verge of checking the final box signifying the arrival of the next bull market. Improving macroeconomic conditions have lit a fire under investors, who have been moving from the sidelines to take part in the recovery.
Not wanting to be left out in the cold, some of the world's most successful hedge fund billionaires have been sharpening their pencils, pouring over the prospects of rebounding growth stocks, and looking to profit from the recovery. Here are two magnificent growth stocks billionaires are buying hand over fist as we close out 2023.
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Source Fool.com
