Will Markets Miss the Tax Day Bump? (4/2/24)

Markets have been trading within a particular range; their ability to break above that range may be impacted by the outcome of April 15, with previous tax laws expiring: More Americans are going to find they owe taxes, meaning less money to invest. Gold has been on a tear over the past month, part of the catch-up trade that commenced around mid-March. We've sen similar rotational behavior in Bitcoin and other assets in defensive sectors (think, Utilities). Will the rotation trade continue in April, moving out of the top seven into the other 493 companies in the S&P? Or will we see a rotation back into growth stocks? The markets remain fairly well-balanced at this point. Sentiment is positive, and household allocations for stocks are at the highest levels since the dot-com crisis. Everyone's bullish; earnings season begins next week, and the speculative mood is getting fairly extreme.   Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=AzLHu1gSp44&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #April15TaxDay #TaxDayBump #SectorRotation #Gold #BitCoin #RealEstate #Utilities #LowMarketVolatility #AllTimeHigh #RiskIsBuilding #MarketComplacency #MarketCorrectionComing #MarketTrendChannel #20-DMA #200-DMA #InvestingAdvice #Money #Investing

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