Bullish Indicators Galore, But Stocks Overbought In Short Term | Lance Roberts & Adam Taggart
Update: 2024-10-19
Description
Bullish signals were everywhere this week. The S&P broke above it rising wedge. It retested support & then made new highs. And buy signals on both a daily and a weekly basis have been recently triggered.
All this bodes well for a strong end to the year, predicts portfolio manager Lance Roberts...except that in the immediate term, stocks are looking overbought and some sort of pullback feels warranted.
Lance and I talk about this potential run-up into the end of the year, as well as rising liquidity, credit spreads, earning estimates, volatility and much more in this week's Market Recap.
BUY THE REPLAY of the Thoughtful Money Fall Online Conference at https://thoughtfulmoney.com/conference
#liquidity #volatility #bullmarket
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Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support
All this bodes well for a strong end to the year, predicts portfolio manager Lance Roberts...except that in the immediate term, stocks are looking overbought and some sort of pullback feels warranted.
Lance and I talk about this potential run-up into the end of the year, as well as rising liquidity, credit spreads, earning estimates, volatility and much more in this week's Market Recap.
BUY THE REPLAY of the Thoughtful Money Fall Online Conference at https://thoughtfulmoney.com/conference
#liquidity #volatility #bullmarket
---
Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support
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