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Stock Prices Now In 'Positive Feedback' Loop | Lance Roberts & Adam Taggart
The S&P 500 is back to an all-time high and the NASDAQ is a hairs'-breadth away from the same.
Stocks have started 2024 strong and appear now to be in a positive-feedback loop, where higher prices entice more buyers, leading to still higher prices. Multiple expansion is underway and stocks are remain quite overbought in the short-term.
How much longer can the melt-up last for?
Portfolio manager Lance Roberts and Adam Taggart discuss this, as well as the ramifications of this week's FOMC release and press conference by Fed Chair Jerome Powell, the new (and hard-to-believe) payrolls data, and…
The skinny
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