Hey, Ross here:
As I said yesterday, there’s a good chance we might see a bit of pullback – or the rally stalling – this month.
Given how divided sentiment is on the ground, lots of people will no doubt interpret it as the “bull market being over”.
But as today’s charts show…
This bull will likely still have a long way to go.
Chart of the Day
This table shows all the bull markets dating back to WWII.
The current secular bull market we’re in – the one that began in October 2022…
Is now 3.6 years old – making it the 8th longest bull market ever.
But as you can see, that still puts it in the bottom half of the rankings…
With the 7 other longer bull markets lasting anywhere from over 4 years to over 12 years.
And given the strong underlying growth we’ve been seeing all year…
The odds are that this bull market could continue for quite a while.
Of course, given the speed of the rally…
With the market just hitting one new high after another – I totally understand the skepticism.
So here’s a bit more data about buying at new highs.
As this chart shows…
If the S&P 500 hits a new high today, it has:
- A 55% chance of hitting another new high tomorrow
- An 81% chance of hitting a new high within the next week
- A 93% chance of hitting a new high within the next month
- And a 99% chance of hitting a new high within the next year!
In short, don’t be afraid to buy at new highs…
Because in a bull market, new highs are the norm – not the exception.
Insight of the Day
The data shows the bull market’s runway is longer than most think – but the vibes show otherwise
As I’ve just shown you above…
The likelihood is that this bull market could keep running for months – or even years.
Yes, there definitely will be pullbacks and corrections along the way…
But the long-term trend is still looking good.
The sentiment on the other hand – especially among the retail crowd – is looking the opposite.
Many believe the market is teetering on a knife’s edge…
And they’re ready to run for the exits at the first sign of trouble.
That’s the opportunity the insiders are exploiting.
And if you want to see a brand-new tool that can allow you to position yourself alongside these insiders…
Then click here to read this confidential document now.
Customer Story of the Day
“I’ve been an extremely happy customer for over a year. I’ve doubled my money and would have made more money had I not ventured off and did my own thing. (a learning experience, but much wiser now).”
Ross Givens
Editor, Stock Surge Daily
