Fred Hickey: 2024 "Going To Be A Lot Worse" For Markets As Tech Stocks Implode

The "Magnificent 7" look vulnerable to a major price correction

Heading into 2024, we may be witnessing a change in a number of trends.

The October CPI numbers suggest inflation is moderating faster than expected. If that proves true, this may mean the Federal Reserve's aggressive campaign of hiking interest rates is over.

And if that’s true, then the 3-year beating the bond market has suffered may be coming to an end.

As for stocks, they've been powered higher all year by the “Magnificent 7” -- Apple, Google/Alphabet, Amazon, Microsoft, Nvidia, Meta and Tesla.. But even there, we may be witnessing a regime change.

To clarify whether these are indeed real & significant trend shifts, I sat down this week with Fred Hickey, editor of the highly respected newsletter The High Tech Strategist, which Fred has been publishing since 1987.

He warns that industry leaders are reporting a gradual erosion across the economy. Demand is worsening in every sector except public government. And despite the current investor hunger for its stocks, the Tech sector in particular is now starting to see the lag effect in action.

To watch this just-released interview with Fred, click here or on the image below:

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