MARKET UPDATE OCTOBER 2024

The stock market has marched steadily higher over the last six weeks.  Both the S&P 500 and the Nasdaq are now up over 22% for the year.

Since their recent lows in early September, the S&P has increased 8% and the Nasdaq has climbed 10%.

Economic data has been mostly positive over the last couple of months and the stock market reacted positively to the 50 basis point interest rate cut from the Fed in September.

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. 

• The stock market is expecting a Goldilocks economy – not too hot and not too cold.

• China’s economy is softening.

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.

Despite these concerns, we remain 100% invested in the stock market at present.  Because our Market Signals system has built-in protection against market collapses, our customers are fearlessly benefiting from the large gains this year and over the last month.  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.

Now would be a good time to check out our Market Signals investment system. 

Click Here to learn more.

Stay Disciplined My Friends,

Phil McAvoy

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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.