The market is looking increasingly ugly.
Stocks are a lot like a body of water. Anyone can see where the surface level is… but what’s occurring underneath is much more difficult to observe.
Well, today the “surface” stock level looks great: the S&P 500 is a mere 1.9% off its all-time record high. The world has gone stock crazy with retail investors POURING money into the markets like it’s 1999 all over again.
Unfortunately for them, some truly nasty stuff is going on underneath the surface of the market.
The average stock in the S&P 500 is down nearly 10% off its highs.
Put another way, only a small group of stocks are holding up the entire market. Most companies are in fact already in correction mode. Indeed, the number of S&P 500 companies above their 50-day moving averages has rolled over and is collapsing hard.
Put simply, internal momentum is quickly leaving the markets.
This is being confirmed by corporate insiders, the people who know more about the true state of their business than anyone. FEWER insiders are buying stocks today than at any point in nearly 30 years.
So while stocks look enticing on the surface, but what’s lurking underneath is going to lead to a bloodbath.
On that note, we are already preparing our clients for this with a 21-page investment report titled the Stock Market Crash Survival Guide.
In it, we outline the coming collapse will unfold…which investments will perform best… and how to take out “crash” insurance trades that will pay out huge returns during a market collapse.
We are giving away just 99 copies of this report for FREE to the public.
To pick up yours, swing by:
Chief Market Strategist
Phoenix Capital Research