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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cheers,
A
Hi Adam a discussion I would like you to have with Lance Roberts is on the services his firm offers. I have noticed the add on his web page for SimpleVisor with the opportunity to subscription .
Part of the conversation with Lance, is the price of the subscription and if it would be beneficial to someone in Australia.
Adam do you know of an Aussi Lance that I could engage as a financial Advisor.
Thanks
Aussi Mick
Adam,
Lance mentioned share buyback window streatching in to Feb-March. Is there a place to find this scedule? All I can find is a three week period before and week after earnings.
Thanks,
KV