The current theme for us within the broad market is caution. It is our belief that we are completing a cyclical bull market within a secular bear market. We are seeing narrow leadership while many unpopular stocks and sectors are now testing their October, 2022, lows. The resiliency of the US economy has kept this market trending up, but we are starting to see some cracks within the employment data, which is typically the last shoe to drop before stocks.
This is one of the primary themes within our Advanced service, which is really tailored to the more active investors. However, at times, we think it is important to share the broad risks with all of our subscribers. Based on our analysis, we believe that a bigger top was either put in in July, or we may have one more push into Q1 2024 before putting in a top. We manage this risk by hedging as well as through raising cash based on our interpretation of the macro economic backdrop and where we are within the business cycle. While we are still net long, we continue to raise cash into strength, and patiently wait for better prices on some choice AI names.
Every Thursday at 4:30 pm Eastern, our Portfolio Manager Knox Ridley holds a webinar for Advanced Signals Members to discuss how to navigate the broad market, as well as various stock entries and exits. We offer trade alerts plus an automated hedging signal. Learn more here.here.
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