By Maryellen Thielen
Speaker: Jay Woods, Chief Global Strategist, Freedom Capital Markets
Presentation: Navigating the Stock Market: Insights from the Trading Floor
KEY TAKEAWAYS
- After 30-some years as a designated market maker at the New York Stock Exchange and as a current CNBC contributor, Jay Woods is adept at making stock market data tell a meaningful story and has encouraged IR officers to call on him when their stock prices rise – not just when they fall. While the markets generate a plethora of data, price is the ultimate measure of investment risk and reward. “Only price pays,” he says.
- Woods tends to look at stock trends in the near term (e.g., a 20-day moving average), then validates the initial insights over a longer term. While trends may or may not be valid in a given year, he considers the “September swoon” in the S&P 500 and interest rates set by the Federal Reserve to be among the important indicators. (See his presentation, including multiple candlestick charts.) Woods also watches the prediction markets for stock price indicators, although some viewers pay more attention to these markets strictly for sports betting.
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