PODCAST: A Christmastime Gift Might Await Traders (original) (raw)
PORTFOLIOPORTFOLIOPORTFOLIO
Technician Bob Lang sees positive seasonality -- including for small caps -- and a nice close to the year. Let's see what he thinks about the start to 2024, with this week's podcast.
Shawn Elias
**Action Alerts PLUS**technician Bob Lang joins us on this week's edition of the AAP Podcast, as he chats with Chris Versace about the current state of the stock market, sharing why he sees 2023 closing out on a high note with a likely Santa Claus rally.
Versace and Lang also move ahead to 2024 to discuss the upcoming re-arranging of Fed voting members, what that could mean for Fed policy, and how upcoming data is viewed.
Versace gives a few reasons as to why we're likely to see further progress in the November inflation data, including next week's consumer price index report, while Lang tells why he saw this week's third-quarter productivity data as important. The two discuss the market's expectation for four rate cuts next year and why the market could be getting ahead of itself with that expectation. The two touch on next week's Fed policy meeting and why they will be closely reviewing the Fed's updated economic projections.
The conversation then pivots to the holiday shopping season, touching on their boots-on-the-ground observations for Williams Sonoma (WSM) , Gap (GPS) , Costco (COST) , and several other retailers.
AAP is long COST.