Bullish Momentum vs. Bearish Concerns: Will 2024 Be a Trader's Market?

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 18 September 2023

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's Stansberry Investor Hour, Dan and Corey are joined by Stansberry colleague Greg Diamond the editor of Ten Stock Trader, a trading service based on technical analysis. Dan and Corey cover the European Central Bank raising its rates to a multidecade high, inflation "killing people on Main Street" who are racking up credit-card debt, and poverty levels rising. (00:41)

Next, Greg joins the conversation by talking about his overall perspective on the market. He explains why he thinks "2024 is going to be a trader's market" despite believing that huge uptrends will come to an end. And he says banks will play a crucial role in determining overall market health (18:03)

Regardless of these concerns, Greg maintains a bullish sentiment as long as the existing upward trend remains intact. "It's not time to sell yet," he emphasizes. He then proceeds to share his insights on the Fed, highlighting its inherently political nature and its susceptibility to political influence. (30:53)

Finally, Greg discusses his primary objective when determining whether a market is poised to rise or fall. To leverage his positions, he frequently embraces higher risk levels but carefully optimizes his trading advantage in other ways. (40:14)

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Transcript

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0:00.0	Hello and welcome to the Stansberry Investor Hour.
0:05.0	I'm Dan Ferris.
0:06.0	I'm the editor of Extreme Value and The Ferris Report, both published by Stansberry Research.
0:12.0	And I'm Corey McLaughlin, editor of the Stansberry Daily Digest.
0:15.0	Today, Dan interviews our colleague, Craig Diamond, editor of our 10-stock trader newsletter.
0:25.4	And today, Corey and I will talk about inflation, European Central Bank, bullishness,
0:26.6	bearishness, oh my.
0:30.0	And remember, if you want to ask us a question or tell us what's on your mind,
0:32.9	email us at Feedback at InvestorHour.com.
0:36.5	That and more right now on the Stansberry Investor Hour.
0:44.0	Bullishness, bearishness, oh my, oh my.
0:48.2	Well, maybe let's talk about inflation first because I think, you know, that just dropped a couple days ago and people are sort of wondering about it.
0:52.3	I mean, do you even care at this point?
0:54.6	The market doesn't. I do and I don't. When these numbers came out, the CPI numbers, and then we had some
1:01.9	more commentary from European Central Bank, both basically talking about higher energy prices, which
1:08.7	have been happening for the last month or two,
1:11.3	haven't shown up in this backward-looking data yet.
1:14.0	So kind of been expecting it.
1:16.5	I do and I don't because then I just keep thinking back to like the real super big trend
1:24.2	of the pace of inflation coming down really still hasn't changed yet. I mean, yes,
1:29.2	this was a higher like month over month outcome for this like CPI data based on energy,
1:36.5	you know, oil prices going up. Overall, it's still declining. But I think it does tell you just
	...

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