Rick Bensignor, President of Bensignor Investment Strategies joins me for a special Daily Editorial to share his big picture outlook for markets and interest rates in 2024. We reference the Fed meeting and policy shift from last week as well as the importance of the market rally into the year end.
Rick shares key levels to watch for the S&P, on the downside, where he thinks a natural correction could go to. I also ask Rick about rotation of money and if he is seeing better breadth carrying the 7+ week rally. In the big picture sense I ask Rick if he is classifying this rally as a true bull market and what that means for its sustainability.
On the interest rate front, and since rate have a carryover impact on other markets, Rick’s long term outlook is very important. The jury is still out on if we have seen the highs on the 10 year but the drop to under 4% was significant in many ways. Rick shares more key levels to watch for yields throughout next year.