Rick Bensignor – 2024 US Market and Interest Rate Outlook; Is This A True Bull Market?

December 18, 2023

Rick Bensignor, President of Bensignor Investment Strategies joins me for a special Daily Editorial to share his big picture outlook for markets and interest rates in 2024. We reference the Fed meeting and policy shift from last week as well as the importance of the market rally into the year end.


Rick shares key levels to watch for the S&P, on the downside, where he thinks a natural correction could go to. I also ask Rick about rotation of money and if he is seeing better breadth carrying the 7+ week rally. In the big picture sense I ask Rick if he is classifying this rally as a true bull market and what that means for its sustainability.


On the interest rate front, and since rate have a carryover impact on other markets, Rick’s long term outlook is very important. The jury is still out on if we have seen the highs on the 10 year but the drop to under 4% was significant in many ways. Rick shares more key levels to watch for yields throughout next year.


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    Dec 18, 2023 18:50 PM

    I’m sure Rick knows that countertrend moves are often the strongest at least based on price and I believe that’s the case currently. Maybe it’s bonus related and maybe it’s Christmas related but the stock market usually holds up well through the end of the year. I think the exceptions over the last 8-9 years were 2018 and 2022.
    The short term is clearly risky for the longs but of course the market could continue higher in this “professional-depleted” holiday time but selling or hedging makes perfect sense.

    Dec 18, 2023 18:58 PM

    MSFT made new highs in July and November and the Chande Trend Meter, while strong, has not reached the levels that were common before the ’21 top. That indicator is not one I rely on but it’s interesting that it backs up my view that these new highs are for selling not buying.

    Dec 18, 2023 18:09 PM

    ” Jacob Marley’s Ghost:

    You will be visited by three ghosts. (Klaus Schwab, Bill Gates, and George Soros)

    Ebenezer Scrooge:

    I ……….. I think I’d rather not.


    Dec 19, 2023 19:19 AM