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Joel Elconin – Goldilocks Market; S&P Over 5800, Standout Sectors, Bank Earnings 

Cory
October 11, 2024

Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of PreMarket Prep joins us to recap this week in the markets.

 

The conversation covers strong market moves, benign inflation data, and robust bank earnings that have fueled market optimism. Joel highlights the diversification across various sectors like utilities, tech, healthcare, and finance, pointing out their performance amidst volatility. Additionally, we touch on international geopolitics and China’s economic dynamics. Finally we discuss Tesla’s event last night including Elon Musk’s bold promises on Robo Taxis, as well as the rotation today into alternative transport solutions like Uber and Lyft.

 

 

Click here to visit Joel’s PreMarket Prep website

 

Discussion
1 Comment
    Oct 11, 2024 11:28 PM

    This was a bad week for Tesla with bearish implications beyond the 13 percent drop.
    https://stockcharts.com/h-sc/ui?s=TSLA&p=W&yr=5&mn=0&dy=0&id=p47330286876&a=1716139328