Payne's Perspective: October 21, 2024: The Rave Begins
10/21/2024
Six weeks and counting. The market is on an absolute roll as all the stars have aligned to create a perfect storm. This is where exuberance catches fire, even those who want to desperately want to resist will be forced to chase it. Last week saw the coronation of a new leadership with Utilities and Financials continuing to outpace other sectors year-to-date. Communication Services are riding the wave of Artificial Intelligence (AI), but all that spending comes at the expense of key technology components, such as software. Meanwhile, Industrials are catching a bid from all the government spending. To read the full report, contact your account representative or email Info@wstreet.com.
Charles Payne
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