Likely Near-Term Pullback Should Present A Buying Opportunity | Mark Newton @Fundstrat_Direct
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When today's guest was last on the program back in May, he made the bold prediction that new all-time highs for the stock market were just weeks away.
And he was right.
And since then, markets have continued powering higher, trading at a new all-time high the day of this recording.
So, is he still bullish on the markets prospects for the remainder of the year?
To find out, we're fortunate to welcome back to the program Mark Newton, Head of Technical Strategy at market research firm Fundstrat, where he works with its founder Tom Lee.
Mark thinks stocks will likely enter a 5-10% correction in October/November -- which will offer a buying opportunity before the end of the year rally.
After that? He thinks a more pronounced correction from extended highs could happen in the first half of 2026.
Follow Mark at https://fsinsight.com/
On on X at @MarkNewtonCMT
#bullmarket #marketcorrection #technicalanalysis
0:00 - Congrats on the Accurate Rally Call – Technicals Driving Momentum
1:39 - Latest Technicals: Sentiment Neutral, Trends Strong Despite Overbought Signals
2:03 - April Fear to Today's Melt-Up: Tech & Small Caps Lead, But Breadth Falters
3:05 - Sentiment Mix: AAII, Fear & Greed, VIX Slope – No Rampant Froth Yet
4:02 - Economy Holding: Earnings Beat, Fed Cuts Despite Highs – Bullish Tilt
5:08 - Upside Limited Short-Term: Overbought RSI, Channel Top at 6,720
7:00 - Cycles & Seasonality: Choppiness in Oct-Nov, Buy Dips for Year-End Push
8:06 - Q4 Outlook: 75-100 Points Higher, Then Consolidation – No Major Top
12:05 - 2026 Tease: First-Year Correction Likely if We End Strong
12:53 - Near-Term: Melt-Up Continues, But Guarded on Cyclical Risks
13:56 - Year-End Target: Still 6,650; Reassess Post-Oct/Nov Pullback
16:43 - Macro Blindfold: Focus on Trends Over Backward-Looking Data
17:20 - Overbought? Valuations Near Highs – But Momentum Rules (P/S Critique)
19:20 - Valuation Trap: Buy High/Sell Higher – Intrinsic Value as Timing Flaw
21:15 - Meme Stocks & Crypto: Early Speculation, But Not 2021 Froth Levels
23:23 - All-Time Highs = Opportunity: O'Neal's Lesson – Momentum Over Mean Reversion
25:04 - Debt & Spending: Long-Term Worry, But Not Immediate Market Driver
27:53 - Trends Over Beliefs: Service Clients by Riding Winners, Not Fighting Them
28:30 - Valuations Matter Long-Term, But Poor Timing Tools – Stick to Trends
29:22 - Behavioral Edge: Sentiment Not Euphoric – Party Not Over Yet
30:28 - Dance Closer to Door? Short-Term Caution, But Trends Intact Till Break
31:03 - Midterm Cycle Weakness: 2026 as Worst of Four-Year Cycle
32:44 - Decades Best Year: 2025 Theory Supports Upside Despite Negativity
34:18 - Oil: Final Flush to $58-59, Then Bottom & Spring Rally into 2026
36:38 - Precious Metals: Gold to $3,800, Silver Catch-Up – Peak Oct, Pullback
40:17 - Crypto: Altcoins Heating Up – Ethereum to $5,500, Bitcoin $130k by Oct
42:34 - Social Mood: Deep Negativity a Contrarian Bull Signal – Cyclical Turmoil
47:27 - Parting Advice: Diversify, Ride Trends (10-Month MA), Ignore Noise
49:06 - Where to Follow: fsinsight.com, @MarkNewtonCMT, Funstrat.com
51:28 - Granny ETF: 94% Success Modeled After Rick Barry – Up 30% YTD
54:02 - For Prudent Investors: Trends + Fundamentals = Best Risk Management
57:34 - Wrap-Up: Ride Winners Till Evidence Changes
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