Is Goldilocks Priced In?
Episode publishedPodcast: Lumida Wealth : Non-Consensus...Lumida Wealth : Non-Consensus Invest Beyond the Ordinary
Transcript preview
Preview only
Welcome to nonconsensus investing. I'm Ram Alawwalia, your host and CIO at Lumida Wealth, where we specialize in the craft of alternative investments. At Lumida, we help guide clients through the intricacies of managing wealth so they don't have to shoulder the burden alone. Through this podcast, we draw back the curtain to reveal the strategies employed by the best in the business for their clients so that you too can invest beyond the ordinary.
Hey, guys. Welcome to a special New Year's Eve edition of Luna nonconsensus investing. I wanted to share maybe twenty minutes of observations and insights. I'll be joined by our head trader Jacob, who has joined us ahead of his trip to Disney World. He thought he'd get some sunshine while the rest of us are holding up here in the New York area. It's really cold. So I have a couple of thoughts for you. Want to talk through the big theme, I think, for the next few months is the theme of meaner version and maybe the theme for the year. That's the headline theme, the year of meaner version. That a
It's like my weatherman job. How am I doing, by the way?
I got a green screen. If this doesn't work out, I'm gonna go in the weather business. Mediology, you know? So you can see that we're at 8.5. Another prior time when we had elevated sentiment was December 2021. You also had elevated levels. December 2021 was a terrible time to buy stocks. By the way, in December 2021, you also had stimulus checks. It was the last round of stimulus checks and you had record earnings growth. So markets are looking forward, they're not looking backwards. Where we just left doesn't really matter. There's a Wall Street Journal article that came out today and talked
Hey. How's it going?
Hey, Jacob. Doing well. How are you?
Pretty good. I'd go to Disney tomorrow like you said. So
Thanks for joining before your trip.
Of course. So here's a chart of the SPX, obviously. Here's what it looks like now. Here is what it looked like in 2021. You can see a few things here that are similar. The RSI divergence, bearish divergence, which is where price is making new highs and RSI is starting to make lower highs. Right? Another thing you'll notice is just that this is a weekly chart, by the way, is the, the MACD rolled over, and we've even hit this 1.618 Fibonacci extension level. So not to be pretty much in the price action itself looks very similar.
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.