Surviving the Dip: Investment Strategies for Market Corrections

Final Bar host David Keller, CMT sits down with StockCharts contributor Mary Ellen McGonagle at the MoneyShow in Las Vegas on Friday 08.02.24. They talk about differentiating a buyable dip from a protracted decline, finding opportunities in defensive sectors, and which stocks are managing to hold up despite broad market weakness.

00:00 - Welcome to the Show
02:42 - State of the Markets August 2nd 2024
03:57 - S&P 500 Large Cap Index ($SPX), Volatility Index ($VIX)
05:37 - CBOE 10-Year US Treasury Yield ($TNX)
06:32 - Interview Mary Ellen McGonagle
07:03 - Great Rotation of 2024
09:09 - Warning Signs
12:20 - Volatility Interpretation
13:32 - Mary Ellen McGonagle's Market Check List
15:16 - Defensive Sectors
17:09 - Do earnings matter?
21:08 - Seasonality Questions
22:38 - Effects of Election Season
24:57 - Fed Rate Cuts
26:43 - What do we do now?
29:37 - Words of Wisdom

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❗️DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
Strategies or investments discussed may fluctuate in price or value.

Investments or strategies mentioned in this show may not be suitable for you and
you should make your own independent decision regarding them. This material
does not take into account your particular investment objectives, financial situation
or needs and is not intended as recommendations appropriate for you.

You should strongly consider seeking advice from your own investment advisor

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[StockChartsTV]

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[ryanhubbard]

This is excellent. Thanks Dave and Mary!

[vishali]

Thank you MEM and David for those fruit full insight s

[titusrider]

Thank you for a superb/comprehensive review of today's disaster 👍

[savalaimanohar]

A very sensible system based approach rather than trying to be fancy and predict the market. I like these wise common sense methodology.
I also liked the non correlation of earnings and stock price (QCOM). With SMCI reporting tomorrow, this is a sober reminder.
Hope to see you in the studio soon Dave!

[michaelwhitehead]

As this is playing, CNBC is covering the premarkets on this 5th day of August 2024. Dow is going down another 1000, while the Nikkei is up 10%. Thanks for your excellent review of the caution to have in this market condition. And yes, the talking heads are not really addressing the issues that are of primary concern to this market. The global unrest in Israel and Iran are unsettling, as we may be faced with next stage of a global war.

[jeromeelston]

Thank you for putting this out there. There is a lot of fear and it's a who knows event.😊

[titusrider]

I feel sorry for people who bought options this morning with the vix at 63 !  These market makers are cunning and ruthless. After options buyers jump in the mm moves the market up just enough to cause a volatility crush, so the shorts get burnt and the longs get burnt too. Then the mm freezes the market sideways to run out the clock on those very expensive options !  What a game!

[alexbiggs]

you get an easy day..all presentation no computers

[wmbrice]

Two of my favorite market experts together in one episode, thank you!

[Whipperin]

The past few days remind me of the Covid crash.

[joserivera]

Politics is for sure part of the economic picture and with that comes the decisions of political appointments for the people who manage the economy like the fed and treasury. Lowering interest rates to accommodate a political view has never worked and in fact worsens the situation. Printing money went out of control and this will affect the economy and will worsen the inflation numbers which will devalue the dollar and consequently will devalue income. A trillion for defense is ridiculous.

[MickeyDonald]

0:38 Washingtonian Blood? What happened to O-H-I-O?