SPMD - Sentiment Speaks: Blue Skies Ahead As The Market Is Expected To Continue Much Higher
2024-01-29 11:00:00 ET
Summary
- There seems to be a lot of good news about the market.
- Many "experts" are now looking for a major continuation move in the stock market for years to come.
- I am expecting us to be heading for what can be a major market top in 2024.
The difference between the perception of the stock market during October 2023, and today, is amazingly stark. At the time, almost everyone believed we were likely heading towards recession, and that the stock market was on its way down in a big way. Fast-forward to today, and GDP is stronger than most believed, consumer spending has been strong, the Fed is considering lowering rates, employment remains strong, and there seems to be further good news across many different sectors (along with the booming expectations based upon AI), with a number of major stocks hitting new all-time highs along with the overall stock markets....
Sentiment Speaks: Blue Skies Ahead As The Market Is Expected To Continue Much Higher