The markets are talking but few are listening.

Historically, the start of the second quarter is an EXTREMELY bullish day for stocks. But despite this seasonality the market struggled yesterday. It was only through a dramatic intervention from Central banks that we closed marginally down.

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Indeed, the S&P 500 has broken out of a bearish rising wedge pattern. And even worse, it has FAILED to reclaim critical support. Instead, it has just “kissed” it and then rolled over, which is usually called “the kiss of death.”

This is extremely bearish. What’s about to hit won’t be pretty.

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Buckle up…

On that note subscribers of our Private Wealth Advisory newsletter are on yet another winning streak, with 18 of our current portfolio positions making money.

We have a success rate of 85%, meaning we’ve made money on more than EIGHT out of every ten trades in the last years.

Investors are pouring into this newsletter, hungry for gains.

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Best Regards

Graham Summers
Chief Market Strategist
Phoenix Capital Research