4/15/2024
By Charles Payne CEO & Principal Analyst

“It was all good just a week ago.”

-Drake

The Fear & Greed Index was flashing a month and a week ago. ‘Greed’ is now in the shadow of ‘Fear.’

The equities market had nowhere to run or hide last week, although large-cap growth held up the best.

The Dow Industrial Average (DJIA) took it on the chin, but so did the better market gauge: the S&P 500.

The shift to the ‘Mag Seven’ as safe havens took on a twist last week, as I think authentic bottom fishing was found in many big tech names previously given up on by the ‘smart money’ crowd.  For all the ribbing of the ‘Mag Seven’ being whittled down to a few names, investors are sensing a chance to own names they missed in the past. On that note, I still think that Tesla (TSLA) buyers are looking for a trade.

To read the full report, contact your account representative or email Info@wstreet.com.

Charles Payne
Wall Street Strategies

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