Published on: October 28th, 2021 • Duration: 43 minutes
Industrials and utilities are back at fresh peaks; despite supply chain scares, slowing GDP growth, and the inflation conundrum, investors are brushing off all market scares. With several economic surprises as of late and a large proportion of the S&P 500 stocks at 20-day highs since May, beating expectations seems to be the new norm — but can such bullish sentiment last for long? Chris Verrone, partner and head of macro research at Strategas Research Partners, explores major technical indicators of momentum for some key market sectors and why oil’s rally shouldn’t discourage investors from lucrative buying points. Interviewed by Maggie Lake, who will be taking live questions from Real Vision Plus members.