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How Bullish Is The New Market All-Time High? | Lance Roberts & Adam Taggart
The S&P 500 index closed at an all-time high yesterday (1.19.24).How much of a bullish signal is that for stocks for 2024?
Maybe not as big of one as many think. Remember, over the past 2 years, stocks have returned 0%.
Stocks are not at oversold reading at this point, meaning that there's not a lot of room to run higher before they become overbought.
Plus, the potential looming challenges of the draining of the Reverse Repo Program (RRP) and the expiry of the Bank Term Funding Program (BTFP) could pour cold water on the market's euphoria.
To learn more about Lance's event on Sat Jan 27…
The skinny
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