Market conditions were highly favorable in the early months of the year with a broadening narrative boosting positive sectors and allowing investors to profit from both new and previously successful investments. The ease of making money led to bold and confident behavior in buying stocks, particularly in tech sectors. However, a shift in behavior was observed in April, indicating a potential correction, although not extreme yet. While some may have reduced bullish sentiment, the overall sentiment remains positive with continued buying activity and no despondency evident. Corrections like these are seen as necessary for setting up future market highs, particularly in reflective momentum areas like the tech sector.
On episode 140 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Jeff deGraaf of RenMac to discuss: technical analysis, the momentum factor, the outlook for Apple, RenMac's Market Cycle Clock, the Fed, Starbucks earnings, and much more!
This episode is sponsored by Global X. Visit https://www.globalxetfs.com/ to explore a lineup of more than 90 ETFs, along with insights to help you navigate a dynamic investing landscape.
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Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.
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