10/21/2024
By Charles Payne CEO & Principal Analyst

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
Wall Street Strategies