[Altos Weekly Traders Edge] The S&P to 4,650 and Beyond...Details Inside

Sponsor EMAIL}/redirect [Privacy Policy](EMAIL}/redirect?privacy=follow) | [Advertiser Disclosure](EMAIL}/redirect?disclosure=follow) Market Insights: The S&P 500's Mission Towards $4,650 Weekly Market Overview Hi Traders, Starting off with a quick overview of the current market scenario, it seems that despite some alarming global events, the S&P 500 Index (SP500) is showing its resilience. Recent events in Israel might be distressing, but when we look at it from a purely market perspective, the impact on the business prospects of U.S. companies appears to be limited. Of course, we always need to be vigilant about unexpected news shaking things up, but the current market stability is a positive indicator for those putting their money in stocks. There's a solid case to be made for staying optimistic about the stock market. Some compelling reasons are: - Big banks have set the tone with strong Q3 earnings. - The economy is holding its own, even with interest rates being the highest they've been in almost 20 years. - The signs are pointing towards a more stable inflation scenario. - And there's growing agreement that the Federal Reserve might just be done increasing interest rates for now. - While dreaming of the S&P 500 hitting its all-time high of $4,819 by year's end might be a tad ambitious, there's a good chance it could revisit this year's peak of $4,607. I have a hunch that the momentum for stocks is about to pick up. Now, let's address the elephant in the room: The Federal Reserve's stance on rate hikes. There's been a lot of back and forth on this, with some experts fearing that inflation is spiraling out of control. But here's my two cents: I genuinely believe that inflation is under control, and the next big move for stocks will be driven by stable interest rates and growing trust that the Fed has put rate hikes on the back burner. Another twist in the plot is the current unrest in the Middle East. This situation indirectly gives the Fed another reason to hold off on further rate hikes. The present consensus? The Fed will likely maintain the policy rate at 5.5% in the upcoming November 1st meeting. If you're into numbers, the CME Fed Watch Tool suggests there's a 67% chance the Fed will stay put after the December meeting, a jump from 50% in early September. A key factor that can't be overlooked is earnings growth. While I can speculate all day about economic trends, the truth is, company earnings are a major driver for stock prices. The ongoing Q3 earnings season has been promising. Companies are not only beating expectations but also projecting a positive future. Fast forward to 2024, and things look even brighter. Companies are likely to see increased margins from the pricing strategies they've adopted and cost-cutting measures like reducing staff for a more efficient operation. The expectation? An impressive 12% jump in EPS for the entire index. To wrap it up, if peace prevails in the Middle East, interest rates remain steady, inflation data turns out favorable, and Q3 earnings come out strong, the S&P 500 could be marching towards $4,650. This price seems justified, especially when considering the projected bottom-up EPS for the index next year. But like all investments, there are risks. A disappointing earnings season or skyrocketing energy prices could throw a wrench in the works. - The Team at Altos Trading Sponsor My good friend and fellow trader Steven Brooks has developed a brand new, 5-minute, automatable system and is planning on showing you how THIS WEEK. This week, you will be taught how to: • Find the best trades each day • Automated the best trades • In less than 5 minutes, • BEFORE the market even opens. [Click here to reserve your seat]( for this very, very exciting training Missed our Live Weekly Market Review? Don’t worry; we’ve saved it for you. The team discussed what goes on with their minds, as they plan their trades. You can learn a lot from this. For real-time insights, join us live every Tuesday evening. If that doesn’t suit you, you can watch the playback by Wednesday noon at your convenience. This week our topics were... - Market Overview - Mapping Out Key Levels - Review 36 Month MA - A Walk-Through of the Team's Trade Process - Ticker Q&A Roundtable [CLICK HERE TO WATCH THE FREE REPLAY]( Sponsor Did you know that… The first female founded space company CEO took her company public in December 2021? She is one of the first women eligible to fly combat for the U.S. Navy and has over 30 years of government program experience. Good Morning America featured her and her incredible life story. [Click here to see the feature and learn more about the space industry.]( Disclaimer: The Altos Trading Alert Newsletter is published as an information service for subscribers, and it includes opinions as to buying, selling and holding various stocks and other securities. However, the publishers of the Altos Trading Alert Newsletter are not brokers or investment advisers, and do not provide investment advice or recommendations directed to any particular subscriber or in view of the particular circumstances of any particular person. Altos Trading, including its owner, does not participate in any trades issued through the alert services. Subscribers to Altos Trading or any other persons who buy, sell or hold securities should do so with caution and consult with a broker or investment adviser before doing so. Trading securities and options involves risk. Prior to buying or selling an option, an investor must receive a copy of Characteristics and Risks of Standardized Options. Investors need a broker to trade securities and options, and must meet suitability requirements. Past results are not necessarily indicative of future performance. Performance figures are based on actual recommendations. Due to the time critical nature of trading, brokerage fees, and the activity of other subscribers, there is no guarantee that subscribers will mirror the performance of the service. Performance numbers shown are based on trades subscribers could enter based on the trade alerts. Altos Trading, LLC assumes no responsibility for any losses incurred by any individual or entity as a result of trade alerts or strategies taught through courses or coaching services. 7154 W State Street Suite 169 Boise Idaho 83714 USA Disclaimer: The Altos Trading Alert Newsletter is published as an information service for subscribers, and it includes opinions as to buying, selling and holding various stocks and other securities. However, the publishers of the Altos Trading Alert Newsletter are not brokers or investment advisers, and do not provide investment advice or recommendations directed to any particular subscriber or in view of the particular circumstances of any particular person. Altos Trading, including its owner, does not participate in any trades issued through the alert services. Subscribers to Altos Trading or any other persons who buy, sell or hold securities should do so with caution and consult with a broker or investment adviser before doing so. Trading securities and options involves risk. Prior to buying or selling an option, an investor must receive a copy of Characteristics and Risks of Standardized Options. Investors need a broker to trade securities and options, and must meet suitability requirements. Past results are not necessarily indicative of future performance. Performance figures are based on actual recommendations. Due to the time critical nature of trading, brokerage fees, and the activity of other subscribers, there is no guarantee that subscribers will mirror the performance of the service. Performance numbers shown are based on trades subscribers could enter based on the trade alerts. Altos Trading, LLC assumes no responsibility for any losses incurred by any individual or entity as a result of trade alerts or strategies taught through courses or coaching services. 7154 W State Street Suite 169 Boise Idaho 83714 USA [Unsubscribe]( | [Change Subscriber Options](