Joel Elconin – As The S&P 500 Approaches 5000 Has A New General Equities Supercycle Kicked Off?

Shad Marquitz
February 8, 2024

Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website, joins us to review the continued breakout higher in the US markets. With the S&P 500 index approaching the round $5,000 level, Joel points out that it’s likely a new general equity Supercycle has kicked off.   Investors have shifted from looking at “bad news is good news,” with regards to what the Fed monetary policy loosening response may begin, to now “good news is good news” highlighting the strength of the economy, and that the recession has been averted. 


There has been a continued flood of buying into tech stocks, AI stocks, and semiconductor stocks which has lifted the major stock indexes to new highs.  This is the main theme to keep riding from Joel’s perspective.  He feels too much concern is made about the narrowing market breadth, and that laggards like the (IWM) Russell 2000 index or the energy sector or weakness in financials will simply remain “laggards” and mostly dead money. Instead, his recommendation is to keep pressing the trends in the “hotrods” and sector leaders that are still working.  We further dissect the Q4 earnings reports and pricing trends in a number of individual stocks, highlighting the many areas that are working well in these markets.




Click here to visit Joel’s PreMarket Prep website.

    Feb 09, 2024 09:10 AM

    and who will buy this paper?..The FED?….Sounds like inflation dead ahead to me…..Also,people who will just want higher risk adjusted rates?….Wish I could understand this bit of a convexity?…..nations are abandoning our trade currency for their own ……At the moment in time that USA has the most enormous financing needs….could someone splain this to me?…

      Feb 09, 2024 09:35 AM

      No one can explain this mess………….. There is no one on this board…..THAT INSANE… you have to think like an IDIOT …. Of course there is a lot of inbreeding with the elites at the higher levels…

        Feb 09, 2024 09:42 AM

        Hey Jerry… country is being destroyed…that is why i want a cargo ship journey all by myself….period

          Feb 09, 2024 09:00 AM

          Can you pilot a cargo ship.. : ?

            Feb 09, 2024 09:38 PM

            Well maybe I could put a finger on the wheel…lol…my big problem is just getting to florida or L.A. to get on the dam thing….

    Feb 09, 2024 09:30 AM


    Now what is going to unfold this Friday……… ?

    Feb 09, 2024 09:09 PM

    Platinum……….. Just went by Palladium $ 874 vs 852,,,,,,,,,,,, Hello…………….

    Feb 09, 2024 09:13 PM

    Like who would have thought S&P over $5000 today…..