Hey, Ross here:
And let’s end the week with a chart that shows why an extended pullback to knock the froth off the market is necessary – and likely just a temporary pause before another run.
Chart of the Day
Not counting 2023, there have been 21 years where the S&P 500 was up 10% or more in the first half of the year.
The combined performance of those 21 years is represented by the orange line on the chart – and as you can see, an extended sideways market all the way till November is perfectly normal.
But look what happens in the last two months of the year – another bull run to end the year strong.
That’s what I think is most likely going to happen this year as well.
The pullback we’re in now will be deeper and longer than most expect.
It will knock the accumulated froth off the market and shake out the naive folk who believe stocks go up in a straight line.
Only then will we be ready for the next leg up.
I’m waiting – and prepared.
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Insight of the Day
Trade like a lion, not a sheep
I don’t mean this in some faux-macho way.
Lions work hard to take down a big kill, and that can last them for weeks. Sheep graze on grass every day.
As a trader, you want to be like the lion.
You don’t need to – and shouldn’t – take frequent trades just to “feel” like a trader.
Instead, you should target big “kills” that can satisfy you for weeks.
This is especially the case in periods like this.
For instance, my current recommended strategy could have had you sitting on a 1,581% open gain right at this moment. That’s a “lion” trade that can sustain you for months.
That’s why I’m going LIVE right now to show you how to use this strategy to target the biggest, juiciest gains available.
Because you don’t have to make many trades – you just have to make the right ones.
So click here to join me in the live room now…
And I’ll see you inside.
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
