In today’s KE Report Daily Editorial (Friday, August 29), we welcome back Joel Elconin, co-host of the PreMarket Prep Show and founder of the Stock Trader Network.
Joel breaks down the current market environment, where:
- Broad indexes continue a “melt-up” rally, with leadership rotating between mega-cap tech, value, and small caps.
- Interest rate expectations remain the key driver, fueling strength in rate-sensitive sectors like small caps and biotech.
- Earnings season takeaways, including reactions to Nvidia, Intel, and big tech guidance.
- The impact of government investments in equities and what it could mean for long-term competitiveness.
- Why small caps and financials could still have significant room to run if rate cuts arrive in September.
Joel also shares his candid take on risk management in this environment – why cash is “trash,” how to think about hedging, and why sometimes investors simply need to “trade for the moment.”
Click here to visit Joel’s PreMarket Prep website.