Masters in Business Stephen Suttmeier on Chart Portfolio of Global Markets
Dec 21, 2023
Bloomberg Radio host interviews Stephen Suttmeier, director and chief equity technical strategist at Merrill Lynch. They discuss the transition to Merrill Lynch, defining technical analysis, analyzing market trends with moving averages, predicting market rallies and corrections, analyzing gold's cup and handle pattern, the impact of COVID-19 on the bond market, and the seasonality of the stock market.
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Technical Signals Mark 2022 Lows
- 2022 market dips in June and October aligned with technical signals from breadth, sentiment, and intermarket peaks.
- Assets positioned for a rally as dollar and yields peaked, marking pivotal market stabilization points.
Secular Bull Market Endures
- The current market correction is cyclical within a longer secular bull market.
- Historical analogies suggest this secular bull could last another 3 to 6 years if inflation and interest rates remain controlled.
Seasonality Favors Year-End Rally
- Historically, November through January is the best seasonal period for equities.
- Despite challenging August to October, a Santa Claus rally in Q4 is likely, especially in year three of the presidential cycle.