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Real Vision: Finance & Investing

Will There Be an End of the Year Rally?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 19 November 2021

⏱️ 34 minutes

🧾️ Download transcript

Summary

DB-Nov 18,2021: Katie Stockton, founder, and managing partner at Fairlead Strategies joins to chat about her outlook for stocks as we head into the end of the year. The major indices remain in consolidation phases that she views as healthy pauses within their uptrends. Katie’s short-term indicators are mixed for a neutral takeaway, but she expects them to turn higher next week as the holiday season begins. Semiconductor stocks have been a source of upside leadership since bottoming in early October. Lumber futures have also made an explosive three-day move, narrowly avoiding a breakdown. Katie will also talk about gold and dollar breakouts. Interviewed by Maggie Lake. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/30DbrXf Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:26.8

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0:35.2

Hello and welcome to the Real Vision Daily briefing.

0:37.6

It's Thursday, November 18, 2021.

0:40.6

I'm Maggie Lake, here with Katie Stockton Founder of Fairlead Strategies.

0:44.4

Hi, Katie.

0:45.2

Hi, how are you doing?

0:46.4

Good. Great to have you back with us.

0:48.0

Before we jump in, let's just take a quick look at US markets.

0:51.4

It was a little bit of a mixed day for broader stock indices.

0:54.4

The Dow and Russell moving lower, S&P and Nasdaq advancing.

0:58.0

And we had some big individual movers in video up a lot.

1:02.4

10% at one point.

1:03.4

I think it's settling around 8% up after blowout earnings.

1:07.0

Macy's, could all Macy's a brick and mortar,

1:10.2

although with a big digital footprint now up 21% after its earnings.

1:14.8

I think that surprised a lot of people.

...

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