It’s been a rough week for stocks.
Traders gunned for 2,100 on the S&P 500 time and again. All of those efforts failed to hold. And this was despite the Fed failing to raise rates again.
The market is now rolling over and likely to test the downward trendline established by a series of lower highs in 2015. Currently this level is around 2,030 or so.
Whether this will result in a severe downturn for stocks remains to be seen. For certain there is a considerable effort to manipulate stocks higher underway. I and others have noted that every single time stocks collapse in the overnight session “someone” steps in a buys futures aggressively to insure stocks reclaim their losses.
That “someone” is undoubtedly a Central Bank.
However, at the end of the day, intraday buying by Central Banks only provides a brief pop in prices, it cannot create a full-blown bull market. The only thing creates full-blown bull markets is droves of investors buying stocks.
However, with earnings collapsing and the S&P 500 sporting a P/E of 24 (bubble territory) investors are running out of reasons to buy stocks.
In short, stocks are in a bubble. And the primary reason to own them (earnings) has rolled over. It’s only a matter of time before the bubble bursts.
The time to prepare for this bubble to burst is now. Imagine if you’d prepared for the 2008 Crash back in late 2007? We did, and our clients made triple digit returns when the markets imploded.
he time to prepare for this bubble to burst is now. Imagine if you’d prepared for the 2008 Crash back in late 2007? We did, and our clients made triple digit returns when the markets imploded.
We’re currently preparing for a similar situation today.
Indeed, subscribers of my Private Wealth Advisory newsletter just closed out two more winners yesterday: gains of 12% and 15% produced in just one weeks’ time.
This brings our winning trade streak to 79 straight winning trades.
Indeed, we haven’t closed a single loser since November 2014.
79 straight winners… and not one closed loser… in 17 months.
However, I cannot maintain this kind of track record with thousands of investors following our recommendations.
So tonight at midnight, we are closing the doors on our offer to try Private Wealth Advisory for 30 days for just $0.98.
This is it… no more extensions… no more openings.
To lock in one of the remaining slots…
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
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