Technology Hitting The Peak Of The 2024 Market Cycle With Rotation To Value
The article provides an update on the market outlook for 2024 using the latest Momentum Gauge signals.It discusses the rotation from technology stocks to value stocks and the impact on the market.The article highlights the importance of following money flows and finding the best valuations to avoid major market downturns.The odds of a Fed rate cut in June have dropped to 16.6% down from near certainty of 100% in January and "higher for longer" is beginning to show cracks in the market.Money flows are showing increased volatility and movement toward safety and value stocks as investors begin to take profits from technology.