• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock More from Mish’s Outlook 2024 — 17 Predictions
Stock

More from Mish’s Outlook 2024 — 17 Predictions

by December 26, 2023
by December 26, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

One area I cover in the Outlook 2024 is the teachings of Raymond Lo and how he sees the upcoming Year of the Dragon. Part of my comments on his analysis is based on this statement by Lo:

“Many has the misunderstanding that the Dragon is glamorous auspicious animal and will always bring good luck. To the contrary, Dragon and Dog in the 12-animal system is called the “Gate to Heaven and Hell” or the “Net of Heaven and Hell”.

Hence, 2024 could see gains. We are agnostic and definitely looking to charts, especially junk bonds, small caps and retail.

Interestingly, consumers and whether you call it revenge spending or YOLO, are still very much in the game. Disposable income is strong with certain areas of inflation coming down, although still higher than what numbers suggest. The discussion of the rate hike cycle at the end is controversial. Statistically, there has been a major financial failure at the end of each rate hike cycle since 1965.

Currently, the catalyst for financial stress could be the rising debt, rising spending, geopolitical issues impacting supply chain and a contentious election year. And anything that gooses inflation will stop the Fed from cutting.

January 2024 will see a new 6-month calendar range reset — it will be very important this time, with many predicting the end of the first quarter with a selloff. Although the stats are on the side of a higher market, this year of the dragon suggests some irritation that could turn the market on its side with more volatility.

Here are 17 Predictions:

If December SPY closes under 470, January and 460 is key and pivotal.If SPY just hangs in there and does not fail, the small caps and retail can shine. However, gravity always takes over if the sell-off is more severe.FED keeps rates between 4-6% and TLTs hold a range between 92-105 (unless there really is a recession).EVs will be the worst place to invest.Growth will go nowhere; not fail or rally, but more sideways.Alternative energy could make a comeback.Trends for 2024: gold and silver will start their last hurrah; we plan to ride the wave, exit and then move on.Industrial metals will do well.Bitcoin goes to 47k, then drops to 37k for the start of a new rally into the halving.Oil and NatGas are not worth trading for the time being.Consumers that spent the last ½ of 2023 in YOLO or revenge spending go into vanity mode 2024, as fashion, beauty, skin care, elective surgeries, self-help, maybe dating stocks do well — all about me!Banks could do well, but we need to see regional banks lead.We like Media stocks: ROKU, SPOTIFY, LYV.Infrastructure more through manufacturing and engineering, especially automation.Healthcare: We see big pharma putting more pressure on govt for medical cannabis use — ABBV top pick.Emerging Markets: GREK next leg up. Watching FXI and VNM.Commodities stay muted until the 2nd ½ of the year-why?a. Geopolitics — supply chain, labor issues, possible recession followed by more inflationb. Natural Disastersc. Debt and government spendingd. Dollar in a downtrende. Misstep by FED in reducing rates too fast or keeping rates flat while CPI picks upf. Election year: generally positive for stocks, esp. value.

Click this link to get your free copy of the Outlook 2024 and stay in the loop!

This is for educational purposes only. Trading comes with risk.

If you find it difficult to execute the MarketGauge strategies or would like to explore how we can do it for you, please email Ben Scheibe at Benny@MGAMLLC.com, our Head of Institutional Sales. Cell: 612-518-2482.

For more detailed trading information about our blended models, tools and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.

Traders World Fintech Awards

Get your copy of Plant Your Money Tree: A Guide to Growing Your Wealth.

Grow your wealth today and plant your money tree!

“I grew my money tree and so can you!” – Mish Schneider

Follow Mish on Twitter @marketminute for stock picks and more. Follow Mish on Instagram (mishschneider) for daily morning videos. To see updated media clips, click here.

Mish in the Media

Mish discusses gold, silver and why self care and “all about me” can trend in 2024 in this video from Yahoo! Finance.

Coming Up:

December 27: Wrap up extended session, Benzinga

December 28: Singapore Breakfast Radio

January 2: The Final Bar with David Keller, StockCharts TV

January 5: Daily Briefing, Real Vision

Weekly: Business First AM, CMC Markets

ETF Summary

S&P 500 (SPY): 480 all-time highs, 465 underlying support.Russell 2000 (IWM): 200 pivotal.Dow (DIA): Needs to hold 370.Nasdaq (QQQ): 410 pivotal.Regional Banks (KRE): 47 support, 55 resistance.Semiconductors (SMH): 174 pivotal support to hold this month.Transportation (IYT): Needs to hold 250.Biotechnology (IBB): 130 pivotal support.Retail (XRT): The longer this stays over 70.00, the better!

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

You Might Also Like
  • Week Ahead: Markets’ Reaction to Exit Poll and General Election Results
  • THIS is the BEST Market Sector Right Now!
  • How to Stop the “Wealth Destroyers” by Deploying Your Sell Methodology
  • Stay Ahead Of The Curve To Make More Money
Share
0
FacebookTwitterPinterestWhatsapp

previous post
US retaliates after 3 American service members injured by Kataib Hezbollah attack in Iraq
next post
Evangelical Christian leader says Hamas stole Christmas in Bethlehem: Cut off the ‘lights’

You may also like

Hammer And Nails: Homebuilders

February 24, 2023

Sector Spotlight: Is the S&P 500 Facing a Double Top?

January 17, 2024

Chevron: Navigating the Intersection of Technical Uncertainty and Fundamental Strength

May 9, 2023

Gold Chart Looks a Lot Different In Other Currencies

June 23, 2023

Week Ahead: Nifty Creates Resistance In This Zone; Continue Guarding...

June 30, 2024

Stock Market Sells Off Ahead of CPI: Charts You Should...

December 11, 2024

Transform Your Investing Strategy: Uncover the 3 Game-Changing Rules

March 10, 2025

How To Manage Risk Using Technical Analysis!

July 11, 2024

The Halftime Show: Defense and Value on the Move

July 25, 2023

DP Trading Room: A Case for a Market Top

October 7, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,632 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Top Five Charts of 2023 #3:...

    December 21, 2023

    Growth is Alive and Kicking for...

    May 23, 2024

    Why This Latest Bull Market Advance...

    February 4, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here