1/10/2024 – A positive day with the Dow Jones up 170 points (+0.45%) and the Nasdaq up 112 points (+0.75%)
The Bulls are once again out in force.
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- U.S. stocks are off to a rocky start in 2024, and across Wall Street, analysts have been grumbling about the high bar that America’s largest companies will need to surmount when they start reporting their final batch of earnings for calendar year 2023 in January. But as sentiment turns increasingly bearish in early 2024, one chief investment officer of a firm with $2 billion in assets believes that the bull run in U.S. stocks is only just getting started. As a boom powered by the spread of artificial-intelligence technology heats up, major U.S. equity indexes could see their value double or triple over the coming decade.
Oh yeah, the AI. This is in stark contrast to what we saw at the end of October with most money managers predicting the “crash”.
We are now dealing with an overbought market with quite a few sentiment indicator flashing a warning light.
From our perspective this is rather easy. If you recall, we have predicted this rally off of October 2022 low back in July of that year and have suggested that the market will see new all time highs before it is all said and done.
And here we are……
What happens next is also rather clear. At least according to mathematical and timing calculations. And if you would like to find out what the stock market will do going forward, in both price and time, please Click Here