Craig Johnson on 5,800 Year-End Target, Continued Rotation Out of MAG 7

August 9, 2024 – After this week's market wrap-up, Financial Sense Newshour's Jim Puplava speaks with Piper Sandler's Chief Market Technician Craig "Bullseye" Johnson on why he raised his year-end forecast for the S&P 500 to 5,800. Craig discusses how his work has shown a significant 'breadth thrust' in small and mid-cap stocks and believes that the initial signs of a rotation out of large-cap tech (the "MAG 7") will likely continue.

Craig shares a lot of insights about his work, methodology, and specific sectors and companies that he likes. You definitely want to hear what he has to say and don't forget to forward today's podcast to your friends and family if they want to gain access to institutional-level research made available for the average retail investor.

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