MARKET UPDATE NOVEMBER 2024

What a year it has been for the stock market.  The stock market has marched steadily higher over the past year.  Both the S&P 500 and the Nasdaq are now up over 30% for the last 12 months. Twelve-month gains of over 30% are pretty rare for the stock market.  Don’t get used to it.

Our investing system has had our customers fully in the stock market over the last 12 months so they are sitting on 30% gains over the last year.

Both indices lost some ground at the end of October heading into the election.  The market spiked after the election and has now dropped back and is now in line with the 12-month trend.

Economic data has been mostly positive recently although inflation worries are starting to creep back into the picture.  The Fed is hinting at a pause in the rate cutting.  Interest rates have actually increased about a half a point in the last two months.

Despite the positive trend in stock prices, we do expect more volatility going forward.

Our models indicate that the S&P 500 is overvalued by 16% right now.  See the graph below.  Market valuations are now slightly above where they were in January of 2022 before prices fell by 25% to 30% over the following ten months.

When markets are overvalued, any negative news can cause a steep drop in the markets.  If you do not have a strategy to protect your money against losses like our Market Signals system, you need to be prepared.

On the other hand, some of the biggest gains in stock prices come at the end of bull market cycles.  The biggest gains happen before the fall.  No one knows when the next bear market will hit, but you can be assured that it will hit at some point.

Our customers win both ways.  If the market keeps rising, they get the full gains and if the worst-case scenario happens, they are protected.  The key is to protect the terrific gains we have all realized over the last couple of years.

If you are concerned about a major decline in stock prices, now would be a good time to check out our Market Signals investment system.  Don’t wait until it is too late.  You will regret it.

Click Here to learn more.

Stay Disciplined My Friends,

Phil McAvoy

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Disclaimers The Beyond Buy & Hold newsletter is published and provided for informational and entertainment purposes only. We are not advising, and will not advise you personally, concerning the nature, potential, value, or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. Beyond Buy & Hold recommends you consult a licensed or registered professional before making any investment decision.

Investing in the financial products discussed in the Newsletter involves risk. Trading in such securities can result in immediate and substantial losses of the capital invested. Past performance is not necessarily indicative of future results. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, and market dynamics.