Throughout all of last week I warned that the meltdown was a buying opportunity, not the start of a major crisis. Day after day, I warned that the financial media was trying to terrify everyone to get traffic and eyeballs to their websites and shows.
Well, stocks exploded upwards yesterday. From trough to peak some indexes have risen 8%.
The S&P 500 has reclaimed its 200-day moving average. It has also begun to close the first major gap established by last week’s meltdown.
We are just getting started. The gap between breadth and the S&P 500 is ENORMOUS. And it will be closed in the next month or so.
Indeed, the last time the gap between breadth and the S&P 500 was this massive was in late 2018.
Stocks ended that year UP 28%: one the of the best years on record.
Look, I don’t claim to be an expert on viruses. However, I am an expert on the markets, particularly the impact central bank policy has on them. And central banks have made it clear they will be going NUCLEAR to support stocks.
Stocks could revisit the lows one last time… but the long-term chart for the S&P 500 tells us 3,600 or higher is coming this year alone.
I’m not saying I like the Fed, or even that a Fed intervention is the RIGHT thing to do… I’m just saying that I believe the Fed has begun intervening and will continue to do so.
For that reason, personally, I am bullish, INSANELY bullish about the markets.
After all, what are the odds President Trump is going to let his beloved stock market go down the toilet during an election year?
I DO NOT care about politics. You can hate President Trump or you can love him. That’s 100% up to you.
But the reality is that under the Trump administration the stock market is giving us a once in a lifetime opportunity to GET RICH from our investments.
My clients are already doing this with our new special report titled…
The MAGA Portfolio: Five Investments That Will Make Fortunes During Trump’s Second Term.
In it, I detail five HIGH OCTANE investments that are primed to EXPLODE higher when President Trump wins a second term.
In it, I detail five unique investments that I expect will produce the most extraordinary gains during President Trump’s second term.
Each one of these investments is in a unique position to profit from the combination of Trump economic reforms and Fed monetary easing, combining high growth opportunities with extreme profitability.
We are offering this report exclusively to subscribers of our e-letter Gains Pains & Capital. To pick up your copy please swing by:
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Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
