Current Events & Market Predictions

MerryDay

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January'24 possible corrections to be aware of:
Obviously, with bad news piled on bad news, the airline sector will be considered correcting for at least the next quarter.

The real estate sector has experienced some micro-industry surges, but overall will continue to wallow until the 1st fed cut in interest rates.

Health insurance companies concentrated in Medicare Advantage have reported negative forward guidance for the next quarter.

The banking sector is in the middle of earnings season and the numbers have been good, so there are some pops.
BUT Jamie Dimon of JPMorgan, forward guidance of increased expenses on the horizon, might have a dampening effect after earnings season.

The energy sector has shown some signs that its correction is coming to an end. Rumors have it, that the Red Sea conflicts may be the impetus to get this sector moving again. But nothing yet.

Do your research:
https://usethinkscript.com/threads/complimentary-tools-to-the-thinkorswim-app.17705/
 
Correction Concerns!
The market is hot!
When the cyclical market moves outside the normal distribution, there is pressure for it to move in the other direction.

What tends to happen when the markets get overheated, is that it corrects itself.
February, historically, has always been a correction month.
https://usethinkscript.com/threads/basics-for-developing-a-good-strategy.8058/#post-136125

This February, the correction could be deeper given the current overvaluation of the market.
Jamie Dimon tends to be a bit of a Chicken Little spouting doom and gloom; but I agree with him, this time:
“I think it’s a mistake to assume that everything is hunky dory,” he told CNBC last week in an interview from the World Economic Forum in Davos, Switzerland.
“When stock markets are up it’s kind of like this little drug we all feel,”
said Dimon.

He and others have espoused that a correction could be more intense, given the current geopolitical tensions.
Trend Carefully!
 
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