TMF - Technology Hitting The Peak Of The 2024 Market Cycle With Rotation To Value

2024-04-21 16:11:47 ET

Summary

• The article provides an update on the market outlook for 2024 using the latest Momentum Gauge® signals.
• It discusses the rotation from technology stocks to value stocks and the impact on the market.
• The article highlights the importance of following money flows and finding the best valuations to avoid major market downturns.
• The odds of a Fed rate cut in June have dropped to 16.6% down from near certainty of 100% in January and "higher for longer" is beginning to show cracks in the market.
• Money flows are showing increased volatility and movement toward safety and value stocks as investors begin to take profits from technology.

Introduction

This article updates my outlook for 2024 with the latest Momentum Gauge® signals and a revisit of the January Investing Experts Podcast interview with Rena Sherbill at Seeking Alpha. This past April 2nd marked an early negative Momentum Gauge® test signal followed by an official negative daily signal on April 12th. This article builds on prior signal events with more insights on how to benefit from changes in the market momentum conditions....

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