Strong Momentum + Historical Precedent = Time to Act

It’s Ross Givens here, with the Chart of the Day. The stock market momentum isn’t confined to the U.S. – it’s a global phenomenon. Nearly every stock index is surging above key moving averages, indicating robust momentum worldwide. The entire world is riding this rally wave, and it’s a wave you won’t want to miss. Join me as we explore the global dynamics driving this market surge and uncover the opportunities unfolding on a global scale. Don’t be left behind – seize your part in this worldwide rally.

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I’ve Been Expecting This (Stay Calm)

It’s Ross Givens here, with Chart of the Day. While the bears revel and sensational headlines flood the media, rest assured, it’s not a cause for alarm – it’s a necessity. Anticipating this very moment, I’ve been poised for the market’s natural ebb and flow. In the face of uncertainty, stay calm. Join me in today’s insights as I decode the significance of this normal market movement and shed light on the strategic perspective amid the noise. Don’t let the headlines sway you—let’s navigate this together.

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Here’s Why This Rally Can Keep Going

It’s Ross Givens here, with Chart of the Day. Diving into Bank of America’s global fund manager survey, the pendulum of institutional sentiment has swung dramatically. From the lows marked by Silicon Valley Bank’s collapse in March to now, sentiment is at its highest since January 2022. Although the surge is notable, it’s crucial to note that these readings still have room to climb. In today’s Insight of the Day, I decode the nuances behind this sentiment shift, unveiling why the current levels, despite the increase, may hold strategic advantages for investors.

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Strong Legs on This Bull

It’s Ross Givens here, with Chart of the Day. arely 50 days ago, the small-cap Russell 2000 index scraped a 52-week low. Fast forward to yesterday, and it triumphantly closed at a 52-week high, accentuated by a significant ‘gap up’ in price action—a telltale sign of robust momentum. Small-cap stocks are orchestrating significant moves, ones you certainly wouldn’t want to overlook. Join me as we dissect the dynamic shifts in the small-cap arena and explore the exciting opportunities unfolding in this market surge.

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Few are Prepared for This

It’s Ross Givens here, with Chart of the Day. arely 50 days ago, the small-cap Russell 2000 index scraped a 52-week low. Fast forward to yesterday, and it triumphantly closed at a 52-week high, accentuated by a significant ‘gap up’ in price action—a telltale sign of robust momentum. Small-cap stocks are orchestrating significant moves, ones you certainly wouldn’t want to overlook. Join me as we dissect the dynamic shifts in the small-cap arena and explore the exciting opportunities unfolding in this market surge.

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Small-Cap Stocks on the Move

It’s Ross Givens here, with Chart of the Day. arely 50 days ago, the small-cap Russell 2000 index scraped a 52-week low. Fast forward to yesterday, and it triumphantly closed at a 52-week high, accentuated by a significant ‘gap up’ in price action—a telltale sign of robust momentum. Small-cap stocks are orchestrating significant moves, ones you certainly wouldn’t want to overlook. Join me as we dissect the dynamic shifts in the small-cap arena and explore the exciting opportunities unfolding in this market surge.

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The Fed “Rate Cut” Rally Has Already Begun

It’s Ross Givens here, with Chart of the Day. As the Dow hits a historic high and the S&P 500 approaches its peak, we find ourselves in an excellent position. The NASDAQ has surged to levels unseen since January 2022, while US 10-year Treasury yields teeter on the brink of falling below 4%. The Federal Reserve’s announcement of a potential three-rate cut in 2024 adds a promising layer to the market landscape. However, there’s a crucial caveat—timing is paramount. In today’s Insight of the Day, I unravel the significance of swift action and delve into the strategic nuances of capitalizing on this favorable market scenario.

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What a Shifting Fed Narrative Means for Stocks

It’s Ross Givens here, with Chart of the Day. Diving into the inflation-unemployment paradox, the latest chart from Bloomberg reveals a significant moderation in inflation without denting the unemployment rate. While economists will debate the causes, as traders, our focus is on deciphering its implications for the stock market. The potential shift in the Fed’s narrative from ‘higher for longer’ to ‘higher for long enough’ holds promising prospects for us.

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Trillions Waiting to Fuel the Next Rally

It’s Ross Givens here, with Chart of the Day. Six weeks of consecutive wins for the S&P 500, breaking through the 4,600 resistance, and a robust 74% of stocks trading above their 50-day moving average signal a thriving market. Notably, Bitcoin’s strong gains and breakout from consolidation further emphasize a shifting market mood towards ‘risk on.’ As someone who simply follows the market’s cues for opportunities, the current climate decidedly leans against bearish sentiments.

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Resistance Broken

It’s Ross Givens here, with Chart of the Day. Six weeks of consecutive wins for the S&P 500, breaking through the 4,600 resistance, and a robust 74% of stocks trading above their 50-day moving average signal a thriving market. Notably, Bitcoin’s strong gains and breakout from consolidation further emphasize a shifting market mood towards ‘risk on.’ As someone who simply follows the market’s cues for opportunities, the current climate decidedly leans against bearish sentiments.

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