11-7-24 Markets Are Back!
Update: 2024-11-07
Description
The S&P broke out to new, all-time highs following the election, and the sell signal is close to reversing. When it does (perhaps today), that will be the kick-off for the seasonally-strong period. Keep an eye on the trend line from August, about to intersect with 6,000; we're coming up on the bottom side of that, and the market will try to gravitate up to that by the end of the year. Watch for a strong open today, and bit of a sell off later in the day. Markets are back: That briefly oversold condition was completely reversed on Wednesday. We're back to over bought. Hedge fund managers are very underweight in equities heading into the end of the year; they de-risked going into the election, and they need to "re-risk" for performance goals. That, and corporate buy backs resume, adding action to the market. Small-caps finally made it back to about break even. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=Lb3hFtjlQ38&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Articles mentioned in this report: "Election Day! Plan For Volatility" https://realinvestmentadvice.com/election-day-plan-for-volatility/ "The Presidential Election Cometh" https://realinvestmentadvice.com/newsletter/ "Corporate Buybacks: A Wolf In Sheep’s Clothing" https://realinvestmentadvice.com/corporate-buybacks-a-wolf-in-sheeps-clothing/ ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #2024Election #TrumpWin #SP6000 #Russell2000 #NFIBIndex #SmallCap #MidCap #InterestRates #DebtRefinancing #PostElectionRally #MarketVolatility #SellSignals #MarketRisk #20DMA #50DMA #100DMA #InvestingAdvice #Money #Investing
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