[Altos Weekly Traders Edge] Stock Market Soars, Can the Rally Last...Details Inside

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While the stock market scales new peaks, the gap between economic expectations and current conditions remains significantly negative. This isn't surprising, considering rising borrowing costs directly impact everyday lives. Both consumer sentiment and expectations are far below their highs due to the Federal Reserve's aggressive rate hikes. However, there's a potential upside: continued market gains could boost consumer confidence. Even though individual investments are often limited, constant media coverage of all-time highs can alleviate economic concerns. Improved confidence typically leads to increased spending, driving economic growth. But there are limitations. Higher rates and depleted savings likely cap further confidence gains. The current market rally largely hinges on the assumption that the Fed will cut rates and inject liquidity back into the system. This brings us to the crucial point: investors are essentially "front-running" the Fed, anticipating a reversal in its tightening stance. Historically, markets corrected during periods of monetary tightening. Now, investors are proactively positioning themselves for the Fed's anticipated shift. The Fed's influence on markets is undeniable. A recent survey revealed that 52% of professional managers believe the Fed is the biggest driver of equity prices in 2024, with liquidity (controlled by the Fed) at 59%. This highlights the market's dependence on the Fed's actions. Ultimately, sustaining these market highs depends on consumer confidence returning. However, the average American faces declining savings, stagnant wages, and rising debt costs. While deficit spending keeps the economy afloat, it's a temporary solution that doesn't benefit ordinary citizens. The problem for the market is that while stimulus programs continue to prop up economic activity, the broader economy is slowing down. This will eventually impact the already declining earnings expectations, potentially leading to a market repricing. With narrow markets and elevated valuations, any disappointment or economic downturn could trigger a significant correction. While the current rally is bullish, there's substantial underlying risk to be mindful of. As the saying goes, "narrow markets are fine, until they aren't," and recognizing this turning point remains the key challenge for investors. - The Team at Altos Trading Sponsor There’s one thing every trader should be looking for Legendary trader Jack Carter has identified a hidden “calendar” of stock that, according to his research, have climbed like clockwork on the same day of the year, every year, for as many as ten years or more! Pause and think about what kind of an edge that could give you. Because once you see how powerful an advantage that is, you’ll want to everything and learn about the Income Calendar now.]( Don't sweat missing our jampacked Live Weekly Market Review on Tuesday! We've got the recap you seek. This week, we charted a course through the market jungle with a Market Overview, identifying the crucial support and resistance levels that dictate the current market climate. We then peered into the future with a deep dive into the 36-Month Moving Average, uncovering the long-term trends that steer the market's trajectory. Feeling adventurous? We discussed Standard Deviation Value Zones, equipping you to navigate market volatility with confidence. In our ever-popular "Share Your Favorite Symbol!" segment, the community chimed in with diverse insights and hot picks. Finally, the Ticker Q&A Roundtable closed things out, expertly tackling your most pressing market questions. Join us live every Tuesday evening for a fresh dose of market intelligence! Can't make it live? Relax! We'll have the recording ready by Wednesday noon, so you can revisit the insights at your own pace. See you next week! This week our topics were... - Market Overview - Mapping Out Key Levels - Review 36-Month MA - Standard Deviation Value Zones - 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. 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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](