About this episode
(1/1/24) Market returns start at zero today, as trading commences for a new year. (BTW, benchmarking is a terrible way to manage money.) The rally into the end of the year as nine-weeks long; that's extraordinary, and should be a reminder that a correction is more and more likely after such a long run of back-to-back gains. The current Santa Clas Rally will officially continue thru the first two trading days of January (today & tomorrow). Markets are very overbought at this point. We'd wait a bit before allocating money; a better trading opportunity may lie ahead. The MACD Buy-sell signal is very over-bought, and about to trigger a sell signal. There is now a negative divergence between the market and the relative strength index, which has been declining even as the market has continued to rise. This typically doesn't last for very long, heralding a correction, which would create a better opportunity to reallocate funds. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Register for our 2024 Economic Summit: Navigating Markets in a Presidential Cycle: https://www.eventbrite.com/e/ria-advisors-economic-summit-tickets-703288784687?aff=oddtdtcreator -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=ElUW-ujcYcI&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #MarketCorrection #SantaClausRally #MarketReturns #TradingOpportunity #Markets #Money #Investing