[Altos Weekly Traders Edge] Stock Market All Time Highs Hinges on...Details Inside

Learn which NASDAQ and NYSE [stocks could still explode before the year ends.]( [Click here]( to get free stock picks sent [directly to your email today]( (By clicking the link above, you are opting in to get a free subscription to our Top Stock Tips newsletter. You are also agreeing to the terms of our [privacy policy](. Unsubscribe at any time) Sponsor Close to Record Highs, the Stock Market's Future Hinges on Jerome Powell Weekly Market Overview Hi Traders, The highs and lows of the stock market can often feel like deciphering a complex puzzle, especially as we approach year's end. It's a time when many anticipate a boost in stock performance, often referred to as the "Santa Rally." This phenomenon, driven by brokers' year-end maneuvers, has Wall Street buzzing with optimism for 2024. Analysts are eyeing the S&P 500 to hit a remarkable 4,700, while the Dow Jones also appears poised for record-breaking heights. However, there's a catch – and it revolves around one key figure: Federal Reserve Chairman Jerome Powell. Jeremy Siegel, a notable name from the University of Pennsylvania's Wharton Business School, has his eyes set on the Fed's interest rate policies. Siegel's perspective has consistently urged flexibility from the Fed, particularly in its approach to the 2% inflation target. He's of the view that an overly rigid stance on this target by the Fed could dampen the Dow's potential to reach new peaks. Currently, the Dow Jones is performing well, but Siegel warns that an unyielding fixation on the inflation target by the Fed could derail this upward trajectory. The Fed, under Powell's leadership, has been adamant about keeping inflation in check, aiming to bring it down to their 2% goal. Despite this, recent decisions to hold rates steady, despite ongoing inflation, hint at a potential softening of their approach. Powell himself has indicated a more cautious stance lately. Speaking at Spelman College, he acknowledged the progress made in economic recovery and hinted at a more balanced approach to interest rate adjustments. This has led Siegel to confidently predict no rate hikes in the near future. Siegel's outlook hasn't always been this optimistic. Earlier in the year, he expressed concerns about consumer spending sustainability and the potential for a challenging market in the latter half of the year. Yet, with the S&P 500 showing resilience and continued growth, he's now turning his attention to the Fed's future moves. As 2024 approaches, whispers of potential rate cuts are gaining momentum among market analysts. Heavyweights like Goldman Sachs, Bank of America, and Citi are already speculating on the timing and extent of these cuts. Siegel, however, remains cautious, suggesting that the timing of any cuts will depend on incoming economic data and the trajectory of inflation. A critical element in this forecasting game is the Fed's Dot Plot, a tool that gives insights into the Fed's economic projections and rate expectations. Siegel humorously notes that while the Dot Plot might stir a frenzy on social media for its perceived hawkishness, one should take it with a grain of salt, given the Fed's track record in forecasting. Summing it up, the stock market's path to new heights seems clear, but it hinges significantly on the Fed's policy direction under Powell. While optimism abounds, a touch of caution and a keen eye on the Fed's next steps will be crucial for investors as they navigate the upcoming year. - The Team at Altos Trading Sponsor See how you can take advantage of market volatility with [TST’s top NASDAQ and NYSE stock alerts.]( [Click here]( to get free stock picks sent [directly to your email today]( (By clicking the link above, you are opting in to get a free subscription to our Top Stock Tips newsletter. You are also agreeing to the terms of our [privacy policy](. Unsubscribe at any time) Couldn't make it to our latest Live Weekly Market Review? No worries, we've recorded it for you! In this session, we looked into the Market Overview, providing a thorough analysis and identifying crucial levels currently shaping the market. We also reviewed the 36-Month Moving Average, shedding light on long-term market trends. A special focus of our discussion was on Option Volume and Open Interest, breaking down why they're pivotal in understanding market dynamics. Our interactive segment, "Share Your Favorite Symbol," sparked a lively and varied conversation among participants. We wrapped up with our enlightening Ticker Q&A Roundtable. Don't miss our live sessions every Tuesday evening for up-to-the-minute market insights. If you can't join us live, the recorded session will be ready for you by Wednesday noon, allowing you to catch up at your leisure. This week our topics were... - Market Overview - Mapping Out Key Levels - Review 36-Month MA - Option Volume and Open Interest - WHy is it Important - Share Your Favorite Symbol! - Ticker Q&A Roundtable [CLICK HERE TO WATCH THE FREE REPLAY]( Sponsor [New Customers earn 5.25% APY* (variable)]( Store your money with Cash Reserve, a high-yield account built for peace of mind. New customers earn 5.25% variable APY*—that’s 13x higher than the national savings rate. ** Plus, your money’s FDIC-insured up to $2M†at our program banks and no limits on withdrawals and transfers. **The national average savings account interest rate is reported by the FDIC (as of 5/15/23) as the average annual percentage yield (APY) for savings accounts with deposits under $100,000. [Sign Up Now!]( 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](