How Bullish Is The New Market All-Time High? | Lance Roberts & Adam Taggart

There may be less remaining upside than investors are currently expecting

The S&P 500 index closed at an all-time high yesterday.

How much of a bullish signal is that for stocks for 2024?

Maybe not as big of one as many think, according to portfolio manager Lance Roberts.

Remember, compared to 2 years ago, the S&P has returned 0%.

Stocks are not at oversold readings at this point, meaning that there's likely not a lot of room to run much higher before they become overbought.

Plus, the potential looming challenges of the draining of the Reverse Repo Program (RRP) and the expiry of the Bank Term Funding Program (BTFP) could pour cold water on the market's euphoria.

To hear Lance’s latest outlook, click here or on the image below:

VIDEOS THIS WEEK

In case you haven’t yet seen them, here are the other videos that ran on the new Thoughtful Money channel this week:

• Growth Slowdown & Inflation Comeback Will Be The Key Turning Points For 2024 | Lakshman Achuthan

• Avoiding Recession Won't Be Easy With The Economic Challenges In Play | Andy Constan

• The Fed Fears A Liquidity Crisis More Than An Inflationary One | Jim Bianco

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A