Murray Gunn, the head of global research at Elliott Wave International, joins your host, Dennis Tubbergen, today on Retirement Lifestyle Advocates radio. Mr. Gunn explains the concept of Elliott wave analysis, which is a model of the economy that identifies repeatable patterns in market behavior. He discusses how these patterns can be used to forecast price developments in various markets, including currencies, commodities, and stocks. Gunn warns that the stock market may experience a decline in 2024, based on Elliott wave analysis and the presence of a Dow Theory non-confirmation, and suggests that cash and certain corporate bonds may be good investment options during this period. Gunn also introduces the concept of socionomics, which posits that social mood drives social actions and can be observed in the stock market and other cultural trends. He speculates that China may experience negative social actions in the near future based on a long-term price pattern and the country's negative social mood.

Murray Gunn is Head of Global Research at Elliott Wave International. He worked as a fund manager in global bonds, currencies and stocks, including long posts at Standard Life Investments and the Abu Dhabi Investment Authority. He then joined HSBC Bank as Head of Technical Analysis. Murray is the author of Trading Regime Analysis (Wiley, 2009) and a contributor to Socionomic Studies of Society and Culture (Socionomics Institute Press, 2017). In April 2018, Murray took over the helm of The European Short-Term Update. You can also read his commentary in Global Market Perspective, Interest Rates Pro Services and Currency Pro Services, and on deflation.com.

To learn more about Murray Gunn’s work as Head of Global Research at Elliott Wave International, please visit elliottwave.com. You can also get free access to the classic book "Elliott Wave Principle - Key to Market Behavior" at https://www.elliottwave.com/wave/retirementlifestyleadvocates.