Hey, Ross here:
Something a little different for today’s Chart of the Day. Check it out.
Chart of the Day
This chart from the St. Louis Fed really puts into perspective who was hurt the most by the 2022 selloff – a selloff that is still not over. And the people hurt the most were, unfortunately, those who had worked for decades to build up their nest eggs in the first place.
Seeing charts like this only make me more determined than ever to help my readers achieve their financial goals by becoming better traders.
A sobering – but necessary – reminder.
Insight of the Day
When do you know it’s a bear market rally? When it’s over.
A lot of optimism in the air right now. Will this rally be a sustained one that signals the start of a new bull market – or just another bear market rally trap?
Like everyone else, I’m hoping it’s a new bull market. But here’s the thing about bear market rallies – you only know you were in one once it’s over.
When you’re in the middle of the rally itself, it’s extremely difficult to tell which is which. The market may be optimistic – but the reality on the ground is still highly uncertain. Food for thought.
As always, my plan is to just keep moving with the market to target fast profits – regardless which direction it’s moving in. And I believe this is the optimal strategy for these uncertain times.
Embrace the surge,
Editor, Stock Surge Daily