Takeaways from Dan Ives fireside chat = Technology lots of visibility. 2024 still likely double-digit gains and "hot" Dec CPI on Thursday likely priced in

The video in this report is only accessible to members
The video in this report is only accessible to members
The video in this report is only accessible to members

VIDEO: several things.  Takeaways from our fireside chat. We also talk about signal from 1st 5 days and the upcoming Dec CPI print (Duration: 6:49).

The video in this report is only accessible to members
The video in this report is only accessible to members

We are only 6 trading days into 2024, and it has been a rough start. Even yesterday, on the potential approval of a Bitcoin Spot ETF approval, there appears to be a hack of the SEC and a false tweet was posted. The last few years have shown that the full year tends to play out in January (look at 2021, 2022 and 2023).

So far, what this tells us is 2024 is shaping up to be a challenging year for investors, but we still expect markets to overall gain double-digits with S&P 500 reaching 5,200 by YE. But most of those gains come in the second half. Yesterday, we hosted a fireside chat with Dan Ives, technology analyst at Wedbush. I am a fan of Dan because he spends a lot of time with "boots on the ground" meeting with companies and he also gives the larger story arc to technology, which to me matters more than EPS "beats." The high level takeaways are: Visibility strong for Technology in 2024:- AI goes mainstream- Cybersecurity budgets sharply rise- Enterprise software spending strong He also sees substantial EPS upside as he beli...

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