More on Mish’s 2024 outlook – 17 predictions | Mish’s Market Hours

One of the areas I cover in Outlook 2024 is the teachings of Raymond Lo and how he sees the coming Year of the Dragon. Some of my comments on his analysis are based on Lo’s following statement:

“Many people have the misconception that the dragon is a gorgeous auspicious animal and always brings good luck. Conversely, in the 12 animal system, dragons and dogs are called “the gates of heaven and hell” or “the net of heaven and hell”.

Therefore, profits may occur in 2024. We are agnostic and definitely look at the charts, especially junk bonds, small caps and retail.

Interestingly, consumers are still in the game, whether you call it revenge spending or YOLO. Disposable income is strengthening as certain areas of inflation are lower, but it is still higher than the numbers suggest. Ultimately, the discussion on the interest rate hike cycle is becoming controversial. Statistically speaking, every interest rate increase cycle since 1965 has resulted in a major financial failure.

Catalysts for current financial stress may be rising debt, increased spending, geopolitical issues affecting supply chains, and a contentious election year. And anything that worsens inflation will prevent the Fed from cutting interest rates.

A new six-month calendar range will be reset in January 2024. This will be very important as many predict the first quarter will end with a sell-off. Although the statistics have the market on the higher side, this year’s Year of the Dragon suggests some stimulus that could swing the market towards greater volatility.

Here are 17 predictions:

1. If SPY closes below 470 in December, January and 460 are key and pivotal.
2. If SPY holds up and doesn’t fail, small caps and retailers can shine. But when the selling gets worse, gravity always takes over.
3. The FED keeps interest rates between 4% and 6% and the TLT ranges between 92% and 105% (unless there is an actual recession).
4. Electric vehicles would be the worst place to invest.
5. Growth isn’t going anywhere. Move more sideways rather than failing or rebounding.
6. Alternative energy may be making a comeback.
7. Trends for 2024: Gold and Silver will begin their last hurray. We plan to ride out the wave and then move on.
8. Industrial metals will perform well.
9. Bitcoin went as high as 47,000 and then fell to 37,000 as a new rally leading up to the halving began.
10. Oil and NatGas are not worth trading for the time being.
11. After spending the last half of 2023 in YOLO, or revenge spending, consumers will enter vanity mode in 2024. Fashion, beauty, skin care, elective surgery, self-help, and maybe dating stocks might do well. — All about me!
12. Banks can do well, but local banks must take the lead.
13. We like media stocks like ROKU, SPOTIFY, and LYV.
14. Building infrastructure through manufacturing and engineering, especially automation.
15. Medical: Big pharmaceutical companies appear to be putting more pressure on governments to promote medical cannabis use. ABBV is your top choice.
16. Emerging Markets: GREK Takes to the Next Level Watch FXI and VNM.
17. The product will remain silent until February 1/2 of this year. What’s the reason?

• all. Geopolitics – supply chain, labor issues, potential recession and rising inflation.
• rain. Natural Disasters
• Seed. Debt and Government Spending
• d. dollar in decline
• E. The FED’s mistake of cutting interest rates too quickly or keeping rates constant while CPI is rising
• F. Election Year: Generally positive for stocks. value.

Click this link to get your free copy of Outlook 2024 and stay updated!

This is for educational purposes only. Trading involves risk.

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Mish discusses gold, silver, self-care and why “all about me” could be a trend in 2024. This video source provided by Yahoo!

Coming soon:

December 27: Wrapping up the extended session, Benzinga

December 28: singapore morning radio

January 2nd: Last Bar with David KellerStock Chart TV

January 5: Daily briefing, Real Vision

weekly: Business-first AM, CMC market

• S&P 500 (Spy): 480 all-time high, 465 base support.
• Russell 2000 (IWM): 200 is key.
• Dow (HE): You should get 370.
• NASDAQ (QQQ): 410 is the key.
• Local Bank (KRE): Support is 47 and resistance is 55.
• Semiconductor (SMH): This month, 174 pivotal applications will be held.
• Transportation (IYT): You must have 250.
• Biotechnology (IBB): 130 Pivotal support.
• Sleeve (XRT): The longer it stays above 70.00, the better!

Misch Schneider

MarketGauge.com

Director of Trading Research and Education