Focus On Stocks With Favorable Relative Strength & Demand Trends

We think it will take time for the Fed to reverse course with rates, preferring to do so as late as 3Q 2024, notes CFRA’s Sam Stovall. He discusses how stocks rise after the jobs report and consumer sentiment release. He talks about how sustained broad-based demand will be necessary to extend the current advance. He outlines that CFRA is remaining selectively focused on stocks displaying favorable relative strength and demand trends. He then goes over the outlook for equities going into 2024. Tune in to find out more about the stock market today.