Market Strategy by Strategas
Whether from their regular interviews on national news outlets or their research delivered directly to advisors, Strategas cuts through the noise and provides insights that are highly valuable to our clients over the short and long term.
Market Strategy Weekly
April 12, 2024
Strategas Head of Macro and Technical Strategy Chris Verrone discusses the recent pause in the bull market (and whether it’s something mild or more serious), an underappreciated European breakout, and what gold is telling him.
Market Gauge
Market Gauge still negative, but shifts higher to -4
3 factors moved to the "Favorable" column...
Inflation: Inflation has moderated and the Fed is likely to cut rates in 2024.
Liquidity: We are now in a flush liquidity environment.
Technical Picture: Market technicals look strong.
... and 1 factor moved to "Unfavorable"
Sentiment: Investor bullishness seems untethered from market fundamentals.
See the report for more information about the Market Gauge and how it works. (last published February 20).
Additional Insights from Strategas
Washington Policy
While both parties would like to extend the middle-class tax cuts, policymakers will have to consider the cost of doing so. Mar. 22
Global Asset Allocation
No changes to asset allocations this month as the team watches what could break them out of their allocation holding pattern. Mar. 21
Sector Allocation
Strategas adjusts its U.S. equity allocation to reflect a shift to a more pro-cyclical market position. Dec. 18
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