AFMC - Markets The Election Trading Tips And The 'Mag 7'-To-'Lag 7' Transition
2024-03-08 09:30:00 ET
Summary
- MoneyShow's Mike Larson speaks with Ralph Acampora, Hedge Fund Advisor for Hedge Friend, and Craig Johnson, Managing Director and Senior Technical Analyst at Piper Sandler & Co.
- Ralph and Craig both see the markets taking a breather in the near term, with Craig seeing a 5-10% trading range up or down for a few months and Ralph expecting a late-year run.
- They also believe the rally will broaden out and see more rotation, with Craig predicting the "Mag 7" will become the "Lag 7."
- Among their favorite sectors and stocks: Small caps, biotechs, financials, industrials, Accenture, and Coinbase Global.
By Mike Larson, Editor-in-Chief, MoneyShow
Transcript
Larson: At February's Las Vegas Money Show/TradersEXPO, Ralph Acampora and Craig Johnson sat down for a fireside chat to discuss which sectors appealed to them this year.
[CLIP]
Acampora: People get very excited as the market's going up. They get very depressed as the market's going down. We measure all of that. So, keep that in mind, please. It's very, very important....
Markets, The Election, Trading Tips, And The 'Mag 7'-To-'Lag 7' Transition