Prepare for 2024 with analysis from macro to micro | Mish’s Market Hours

adminJanuary 2, 2024

As we head into the new year, we’ve put together three broad perspectives on the market.

First, let’s look at the overall outlook for the economy and market through the 2024 outlook. This is a summary of 2023 and an overall outlook for 2024, including how the predictions I made at the time are reflected. It includes a comparison of inflation and disinflation patterns in the 1970s and today. It also includes all indices and general outlooks for major sectors and bonds, dollars, metals, etc.

Additionally, we examine the economic modern family and its outliers through charts and analysis. It also includes overall trends and recommendations to keep an eye on.

Another area 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”.

general thoughts

You could see profits in 2024. But we’re agnostic and we’re definitely looking at the charts. SPY should hold 4600 as a line in the sand and small caps should hold above 2000. January also sees a six-month calendar reset with this year’s election. Instruments breaking out of the calendar low range could set the stage for a broader sell-off, while instruments rising above the calendar high range could be bigger winners, at least for the first half of the year. Nonetheless, we are keeping a close eye on junk bonds, which have significantly underperformed the index despite the rally. If it holds up, great. If not, we take it as a warning.

With the expectation that the Fed will cut rates several times, we want Fed rates to stabilize and not fall too sharply. Because this could be a sign of a recession we could seemingly avoid in 2023. We also detailed it in our daily newsletter.

in gold and silver

Last year in Outlook I wrote:

Perhaps the biggest need for a major rally in 2023 is gold.

Here we are over $2000 and while the price of gold has not doubled, it is up 25%.

In 2024, we continue to call for higher gold prices. I expect gold to move to $2400 if it continues to hold at $1980.

That statement was from December 1st. To add to that statement:

Trends for 2024 – Gold and Silver begin their last hurrah.

Among 17 predictions

While inflation in certain areas is falling and still higher than the numbers suggest, the discussion of an eventual rate hike cycle is 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.

To prepare, check out the forecast.

The Vanity Trade 2024: All About Me!

According to Wikipedia, “Self-help or self improvement It is about self-directed improvement of yourself financially, physically, intellectually, and emotionally. psychological basis.”

Outlook 2024 once again quotes Raymond Lo.

“The Dragon is considered the ‘star of the arts.’ The industries that will perform better in the Year of the Dragon will be those associated with metal and wood elements. The metal industry is beauty and skin care, while the wood industry is media and fashion. …”

This got me thinking about consumers and their habits in 2023, and how those habits might continue or change in 2024.

With disposable income still fairly high, consumers who spent the second half of 2023 on YOLO, or revenge spending, will enter vanity mode in 2024.

Fashion, beauty, skincare, elective surgery, self-help, diet pills, and maybe even dating stocks might sell well.

This daily contains lots of recommendations to add to your radar.

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

Thank you to all of our loyal readers, followers, customers and colleagues who helped make 2023 a success. Have a very healthy, happy and prosperous New Year!!!

This is for educational purposes only. Trading involves risk.

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Mish and the team look to 2023 and make some predictions about products and trends and vanity stocks for 2024 at Benzinga Pre Market Prep.

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:

January 2nd: Last Bar with David KellerStock Chart TV & How to Make Money with Charles PayneFox Business and BNN Bloomberg

January 3: Real Vision IP Group Special Presentation

January 5: Daily briefing, Real Vision

January 22nd: Your Daily 5Stock Chart TV

January 24: Yahoo! Jae Won

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