I can't buy now... the economy. I can't buy now... the election. I can't buy now... valuations.
Editor's note: There's no getting around it... Stocks have been surging.
The S&P 500 Index is up 25% so far this year. Stocks also saw a big leg higher after the election.
And as our friend Brett Eversole says, now isn't the time to cash in all your gains...
Regular readers know that Brett is an editor at our corporate affiliate Stansberry Research. Today, we're sharing an essay from him that published in the November 5 edition of his free DailyWealth e-letter. In it, you'll see why Brett expects even more upside ahead to close out the year...
It's Time to Bet on a Year-End Rally
By Brett Eversole, editor, Stansberry Research
I can't buy now... the economy.
I can't buy now... the election.
I can't buy now... valuations.
Ask any investor for their biggest hang-up, and you might get one of these answers. Worries like these are keeping a lot of folks awake at night – and out of the market.
In reality, though, we're two years into a powerful bull market. Stocks are up 67% since the October 2022 bottom.
All the fear looks a lot less rational when you realize how profitable stocks have been. But one of the most consistent investment truisms is this...
Investors love to hate a bull market.
It feels prudent – even wise – to expect the worst. So poking holes in the rally becomes a habit... even though history tells us that higher prices usually lead to higher prices.
This year has been incredible so far. According to history, that nearly guarantees we'll see strong returns to finish the year. And that means we want to stay long right now...
Steve isn't a financial guru. He has never worked on Wall Street. Instead, he's a 73-year-old, semi-retired Stansberry Research subscriber... who has used a straightforward market strategy to collect as much as $8,000 in a month... and nearly $118,000 total... without touching stocks or bonds. Here's how he did it.
Bitcoin is skyrocketing after the Donald Trump victory. And according to crypto expert Eric Wade, it's just getting started. A proposed federal program backed by both Republicans and Democrats is set to ignite a major new crypto bull run. To help you prepare, Wade just released an emergency briefing detailing six cryptos with 1,000% potential to act on immediately. Click here for this major crypto update.
We are in a bull market. No matter how many fears you might have, there's no getting around that fact.
Stocks have been on a tear in 2024. And this bull market has made the past two years some of the best in recent memory. Take a look...
This boom intensified this year. Stocks jumped 20% in the first 10 months of 2024.
Since 1950, that's the 10th-best return in the first 10 months of the year. And importantly, this strong start makes more gains all but certain.
To see it, I looked at the S&P 500 Index's returns over the past 75 years. Here's what has happened historically after stocks jumped 20%-plus in the first 10 months...
Strength begets strength. When stocks are moving higher, they tend to keep moving higher. And a great first 10 months means we can expect more gains ahead...
Stocks historically finished those years with a 5.9% gain in the final two months. That's nearly double the typical return in November and December. And the market was higher by year-end 100% of the time.
What's more, these setups tend to last. Stocks were up 9.9% a year later... a solid improvement over the typical one-year gain of 8.1%.
And yet, plenty of investors are scouring the headlines looking for reasons to sell. That's no surprise, given the incredible rally we've seen over the past two years. But history shows that selling – or even finding a reason not to buy – is a big mistake right now.
Instead, stick with the bull market that's underway... and be prepared for a strong rally to end an already fantastic year.
Good investing,
Brett Eversole Editor's note: At DailyWealth, Brett and his Stansberry colleagues share insights like this each weekday morning that the markets are open. And this e-letter is 100% free to receive. If you aren't already a DailyWealth reader, learn more about signing up for it by clicking here.
Market View
Major Indexes and Notable Sectors
# Hld: Bullish Neutral Bearish
Dow 30
-0.82%
10
15
5
S&P 500
-0.31%
155
259
81
Nasdaq
-0.18%
35
53
12
Small Caps
-1.77%
641
961
313
Bonds
-1.5%
— According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks remain Bullish. Major indexes are mixed.
* * * *
Sector Tracker
Sector movement over the last 5 days
Discretionary
+6.73%
Financial
+6.47%
Communication
+4.35%
Industrials
+4.31%
Information Technology
+4.08%
Energy
+4.0%
Utilities
+0.17%
Staples
-0.31%
Health Care
-0.43%
Materials
-1.3%
Real Estate
-1.89%
* * * *
Industry Focus
Mining Services
2
25
8
Over the past 6 months, the Mining subsector (XME) has underperformed the S&P 500 by -3.93%. Its Power Bar ratio, which measures future potential, is Very Weak, with more Bearish than Bullish stocks. It is currently ranked #19 of 21 subsectors.
Indicative Stocks
ATI
ATI Inc.
HAYN
Haynes International
HL
Hecla Mining Company
* * * *
Top Movers
Gainers
TSN
+6.55%
DXCM
+5.73%
LYV
+4.74%
ADBE
+4.35%
HON
+3.85%
Losers
MOS
-7.74%
GEV
-7.36%
AMGN
-7.14%
ALB
-6.96%
SMCI
-6.59%
* * * *
Earnings Report
Reporting Today
Rating
Before Open
After Close
CSCO
NU, TTEK
No earnings reporting today.
Earnings Surprises
NTRA Natera, Inc.
Q2
$-0.26
Beat by $0.33
CAVA CAVA Group, Inc.
Q3
$0.17
Beat by $0.06
OXY Occidental Petroleum Corporation
Q3
$1.00
Beat by $0.25
TSN Tyson Foods, Inc.
Q4
$0.92
Beat by $0.23
SPOT Spotify Technology S.A.
Q2
$1.54
Missed by $-0.23
* * * *
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