Wealthion - Be Financially Resilient
New Market Highs By Year End? | Lance Roberts & Adam Taggart
Sep 16, 2023
Portfolio manager Lance Roberts & Wealthion host Adam Taggart discuss odds of new market highs, timing of increasing duration exposure for US Treasurys, stock buybacks, next week's Fed update, impact of oil prices on Fed and inflation, differing views on Treasuries, potential negative impacts on Q4 GDP, lessons from pandemic and stupidity of MMT, Zillow's announcement, rebalancing the portfolio and shift to digital financial media, exploring ideas for informative financial channel.
01:32:08
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Quick takeaways
- The market is currently going through a normal correction phase, with expected pullbacks and rallies within a trend channel.
- The strong six months from October to May tend to see money flowing into the market, including stock buybacks, potentially pushing the market higher by year-end.
Deep dives
The market is going through a normal correction after being overbought
The speaker highlights that the market is going through a normal correction after being overbought. He mentions that a correction of 3-10% is normal and was expected. The current phase is described as a process of holding on to previous trends. The speaker shares a chart of the S&P and emphasizes that they use simple technical indicators such as moving averages and MACD to manage the portfolio. The market is described as being in a trend channel, with rallies to the top followed by pullbacks to the bottom. The speaker suggests that the market may continue to be choppy for the next few weeks before potentially entering a more bullish phase.
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