Money Life With Chuck Jaffe Daily Podcast

StockChart's deKempenaer: Can the bull run go on as money flows out of tech?

Informações:

Sinopse

Julius de Kempenaer, senior technical analyst at StockCharts, says that money is rotating out of technology and "into pretty much every other sector," which means that participation in the current bull run is broadening out. Still, he says, there is a question of whether the upswing can continue if tech isn't participating. As a result, deKempenaer sees the market trading close to current resistance levels, and he worries there is more potential for the Standard & Poor's 500 to drop to 5,550. If that support level fails, de Kempenaer sees 5,120 -- a much steeper drop -- happening quickly. Alaina Anderson, co-portfolio manager of the William Blair International Leaders Fund, says that investors may find better opportunities and stability investing overseas, where valuations are particularly compelling. Shannon Martin, analyst at Bankrate.com, discusses her study on the hidden costs of car ownership, which showed that the average hidden expenses of owning a gas-powered vehicle in America add up to nearly $