
StockChart's Keller: Mixed results for rest of '23, trouble ahead for '24
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Description
<p>David Keller, chief market strategist at <a href= "https://www.stockcharts.com">StockCharts.com</a> -- president of <a href="https://www.marketmisbehavior.com">Sierra Alpha Research</a> -- says that growth stocks are overextended and he expects that to unwind -- especially for the so-called 'Magnificent Seven' -- leading to choppiness for the rest of the third quarter before an end-of-year rally, with longer-term conditions weakening entering the New Year. Keller notes that forecast maps well with what most observers would have expected entering a pre-election year. Also on the show, John Cole Scott of <a href= "https://www.cefadvisors.com">Closed-End Fund Advisors</a>, discusses the <a href="https://www.cefdata.com">data and research</a> behind <a href= "https://www.https//www.cefdata.com/portfolios/1781/summary/">building a portfolio of closed-end funds</a>, Joe Mazzola of <a href= "https://www.schwab.com">Charles Schwab</a> covers the firm's <a href= "https://pressroom.aboutschwab.com/press-releases/press-release/2023/Schwab-Q3-Trader-Sentiment-Survey-Recession-Expectations-Start-to-Recede-as-Trader-Outlook-Brightens-in-the-Third-Quarter/default.aspx"> Q3 Trader Sentiment Survey</a> and where traders believe the market is headed, and Matt Lindholm, portfolio manager at CAZ Investments, talks thematic investing and growth-at-a-reasonable-price in the Market Call.</p>
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StockChart's Keller: Mixed results for rest of '23, trouble ahead for '24
skiibii mayana