Connect with us

Hi, what are you looking for?

Stocks

Bulls Show Their Might in First Quarter — Now What?

An awful lot has happened since the beginning of the year, including further rate increases, bank failures, and continuing concerns about rising inflation and weakening earnings. Yet the market shrugged it all off, with the S&P rising 7% while the tech-heavy NASDAQ rose nearly 17% as the first quarter came to an end.

Of course, if you had listened to those bearish analysts who kept insisting the market would revisit last October’s lows you would have missed out on some substantial gains. This is why you need to pay more attention to the price action than what you might be hearing from those who may not have your best financial interests at heart.

For example, even though 2022 ended on a sour note, our Chief Market Strategist Tom Bowley alerted our members on January 6 that signs were pointing to a market reversal, and, within a few weeks, the S&P climbed by 9%.

But honestly, no one really cares about the past. Everyone wants to try and guess where things might be headed in the future. And that is not so easy, especially when many market technicians continue to be bearish, pointing out that future earnings are likely to be weak, that a recession is inevitable, that the Fed will continue to raise rates. Yet as you can see in the chart above, the market has shown remarkable resilience in spite of all of the naysayers. Which brings me to the big question — what’s next?

We’re going to explore that exact subject in our upcoming webinar,“The Bull’s Eye Forecast” next Saturday, April 15, when Tom Bowley discusses Market Manipulation and Market Rotation and teaches participants profitable strategies for current market conditions. You can register for this FREE, timely event by clicking here.

No one cares about your money more than you. This is why you need to pay more attention to what is ACTUALLY happening rather than what is being communicated to you by those who have their own interests in mind.

At your service,

John Hopkins

EarningsBeats.com

    You May Also Like

    Politics

    When George Santos mentioned his family during his congressional campaign, the New York Republican often reflected on the work ethic and strength of his...

    Business

    Two of Sam Bankman-Fried’s top business partners — a co-founder of the cryptocurrency exchange FTX and the former CEO of the hedge fund Alameda...

    Sports

    Kicker Alejandro Mata is following former Tigers coach Deion Sanders to Colorado. ‘Thankful to be committed and signed to the University of Colorado,’ Marta wrote on...

    Stocks

    SPX Monitoring Purposes: Sold long SPX 1/27/23 at 4070.56 = Gain 6.51%; Long on 12/20/22 at 3821.62. The top window is the cumulative GDX...

    Disclaimer: SecretCharts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 SecretCharts.com | All Rights Reserved