ACI CEO Todd R. Walsh was recently quoted in MarketWatch. Here is an excerpt below:
“Markets are on a six-week winning streak. The S&P 500 index sits at its best level since March 2022, having rallied 20.8% so far this year, partly on hopes slowing inflation will allow the Federal Reserve to start cutting interest rates in coming months.
While this year’s rally has been mostly driven by a few mega-cap tech companies, the rest of the stocks have recently started to catch up, with inflation moderating and the Fed expected to be on the sidelines, according to Todd Walsh, chief executive and chief technical analyst at Alpha Cubed Investments.
He expects the S&P 500 to rise above 4,800 in the first quarter of 2024, despite volatility along the way, Walsh said in a call.”