Stocks are up this morning.
The media believes this has something to do with a “relief rally” regarding the fact that conflict in Syria didn’t lead to WWIII over the weekend.
It doesn’t. The markets knew Syria wouldn’t lead to WWIII last week. If we were heading into WWIII why would stocks finish UP over 2% on the week?
In the larger picture, as I’ve been telling clients for the last three weeks, we are moving into a MAJOR “risk on” move for the financial markets.
The S&P 500 broke above critical resistance (blue line) late last week. We are now set for a massive summer rally that will see stocks go to new all-time highs.
We often talk about Black Swans, but the markets are currently prepping for a WHITE Swan. That Swan is a massive rally into a Blow Off Top that is commencing now.
At that point, we’ll be ready to begin the next Crisis.
If you’re not actively taking steps to prepare for what’s coming, you need to start NOW.
On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike when the Everything Bubble bursts.
It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here:
Chief Market Strategist
Phoenix Capital Research