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Wall Street Breakfast

WSB's Weekend Bite: The Market Bottoms Likely Next Year With Katie Stockton

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 10 September 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

This week we're joined by Katie Stockton, Founder and Managing Partnerat Fairlead Strategies, to dive into what the market technicals are telling her about where the US markets head from here. We also explore the Fairlead Tactical Sector ETF (TACK) and Kim Khan covers next week's potential market-moving events in this week's Catalyst Watch.
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Transcript

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0:00.0

Hey I'm Daniel Snyder and on this week's episode of WeakenBite, we're joined by Katie Stockton,

0:05.4

founder and managing partner at Fair Leeds Strategies.

0:09.1

And we're going to be diving in with Katie about her market views and the tactical sector EDF that they actively

0:14.3

manage which has been outperforming the market since it was launched in March of this year and there's an

0:19.2

interesting strategy there that you should really pay attention to so let's learn more and bring Katie into the conversation. Katie is so great to have you with us. How are you doing today?

0:28.6

I'm good, I'm good. Thanks. It's been a lot of volatility to navigate, but we're hanging in there.

0:34.3

No kidding.

0:35.7

And now before we get into what makes the TAC ETS so unique, I love to start with, let's just,

0:40.5

you know, you're a big technical person. Fairly person fairly is a very big into technical and you have your

0:44.8

indicators and everything else I mean from a general overmarket view if we're talking about

0:49.7

either the S&P 500 or the cues.

0:52.8

Are we, have we hit a bottom?

0:55.0

Are we going up?

0:55.7

Are we going down?

0:56.4

Are you still in a full momentum downward turn?

0:58.5

What's your opinion on where we are?

1:00.3

Yeah, I mean, that is the question, right?

1:01.9

Like, have we seen a bottom bottom are we close to a bottom and I would guess no on both quite frankly it's a bearish message that I'm taking away from the charts right now that the momentum gauges that we track, some are as simple as moving averages, other more complex than that. But overall, they do point lower and that's really most importantly from the long-term perspective.

1:23.2

It's something that we really haven't seen since 2008,

1:28.0

unfortunately, and it's not to say it needs to get that bad.

1:31.5

But the indicators are as bad as that time frame.

1:35.3

And then before that, we'd have to go back to the 2000, 2002 time frame.

...

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