Transcribed

Mish Schneider & Kenny Polcari: Stock Strategists Talk "No Landing" Scenario, Supercycles, Small Caps, and the S&P 500

Mar 14, 2024 · 21m 38s
Mish Schneider & Kenny Polcari: Stock Strategists Talk "No Landing" Scenario, Supercycles, Small Caps, and the S&P 500
Description

Mish Schneider is chief strategist at MarketGauge.com, and Kenny Polcari is chief market strategist at SlateStone Wealth. Both sat down with me at the 2024 MoneyShow/TradersEXPO Las Vegas to share...

show more
Mish Schneider is chief strategist at MarketGauge.com, and Kenny Polcari is chief market strategist at SlateStone Wealth. Both sat down with me at the 2024 MoneyShow/TradersEXPO Las Vegas to share their take on stocks, sectors, gold, currencies, and more in this MoneyShow MoneyMasters Podcast twofer.

Mish kicks things off by sharing her "still photograph" theory on the markets and the economy, noting that "everything's pretty good" with earnings, interest rates, and growth stocks, even if we have issues with government debt and lingering inflation. She doesn't think the Federal Reserve is going to cut rates a bunch in 2024, but remains firmly in the "no landing" camp on the economy regardless. When it comes to market opportunities, she thinks the "all about me" trend will create opportunities in sectors like consumer discretionary and biotechnology, while gold, silver, copper, and other commodities may have "Supercycle potential."

Next, Kenny lays out his case for why the Fed should not cut rates AT ALL – and that from a historical perspective, there's nothing wrong with rates hanging around 5%-5.5%. Markets can handle it. He expects some near-term chop and consolidation after the big run and valuation ramp we've had in groups like technology, but cautions investors not to overreact to it. Kenny then goes on to explain why he likes healthcare and industrials, and why small and mid caps could be poised for a nice move. He then lays out his case for why the S&P 500 should finish the year up at least 10% – and why investors should be buying for the long-term if election or geopolitical headlines create short-term chaos.

Looking for insights and recommendations from experts like Mish and Kenny IN PERSON? Then join us for the Investment Masters Symposium Miami, set for April 10-12, 2024 at the Hyatt Regency Miami. Click here to register: https://www.miamisymposium.com/?scode=061246
show less
Information
Author MoneyShow
Organization MoneyShow
Website -
Tags

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Podcast Cover

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search