Todd R. Walsh is CEO and Chief Technical Analyst of Alpha Cubed Investments, a financial firm that uses technical analysis tools to help determine current market conditions. Walsh also is author of Exponential Gains: How to Find and Manage the Next Great Stocks and Transform Your Portfolio. Walsh began his financial career at E.F. Hutton, where he managed risk-and-style-balanced investment portfolios for wealthy individuals, corporations, and retirement plans. He also has worked at Paine Webber, Merrill Lynch, and LPL Financial Services. Prior to founding Alpha Cubed Investments in 2011, Walsh was managing member and chief investment officer of his own firm, TRW Investments. He has been featured discussing the markets, individual stocks, and technical analysis on such news outlets as CNBC, the TD Ameritrade Network, and Cheddar News.
US stocks and government bonds rallied in 2023. That may continue into 2024, though much depends on the Federal Reserve's monetary policy decisions.
2023 was a strange trip for the market, notes Todd Walsh. He talks about how the Magnificent 7 and tech carried the market in 2023, while the “Forgotten 493” has legs in 1Q of 2024. He discusses the outlook for equities. He mentions that election turmoil will cause volatility through early fall. He also gauges potential market volatility in 2024. Tune in to find out more about the stock market today.