Hey, Ross here:
Two trading days left till 2023 ends.
And the signs are pointing to the blazing small-cap rally blasting straight into 2024.
Chart of the Day
From the beginning of November to yesterday, the small-cap Russell 2000 index was up 24.3%.
This was the fourth largest two-month gain for the entire index dating back nearly 50 years.
And I still think small-caps have further room to run.
As interest rates fall, more companies will undertake big capital expenditures – generating momentum that typically favors small-cap stocks.
Plus, as mortgage rates and inflation continue to fall, we could see even more consumer demand back into play.
But I’m not looking for small-caps to just “keep going up” (and you shouldn’t either).
I explain why in the Insight of the Day.
Insight of the Day
I expect to see a pullback in small-caps soon – which would serve as a bigger strategic entry point.
I’ve said time and time again that stocks don’t only go straight up – and that if it does, it’s actually a bad thing.
Now, I believe this is a very healthy rally – likely the start of a new bull market – which is why I believe a minor pullback is necessary. Things are a little overextended right now.
When we see this broader pullback happen, that’s when we can go bigger and strike.
But that doesn’t mean there aren’t opportunities out there right now.
Because remember, the index is just the average of all the stocks out there…
Meaning even though the small-cap index as a whole may be a bit overextended…
There are still many “pullback opportunities” in individual small-cap stocks themselves.
Quite a few of these stocks are showing all the indications of institutional targeting…
Meaning their specific trading patterns – what I call Stealth Trades – are telling me the institutional money could be about to jump in big.
There’s no catch – I just want to do everything I can to make 2024 your best year ever.
But this deal won’t last much longer.
So before the year ends, I suggest you grab this crazy 99-cent Stealth Trades deal while you still can.
You have nothing to lose – and everything to gain.
I hope to see you soon.
Editor, Stock Surge Daily