After last week’s presidential election and Fed rate cut, the public is paying attention to the stock market again.I can’t tell you how many phone calls and text messages I received from friends and family asking me whether it’s time to get back into the market.Fortunately, you and I, we never left the market… …and now, the market is coming to us. This is exactly the position we want to be in.Right now, we’re seeing more signs that the market will keep coming our way. Have a look…
The Consumer Is Back
Have a look at the market’s new leading sector across the one-week and one-month intervals – consumer discretionary.This is an exceptionally bullish signal considering that for much of this year, consumer discretionary was underperforming consumer staples.But now, discretionary has left staples behind in the dust.Considering the U.S. economy is based largely on consumption (70%), this might be the most-bullish signal I’ve seen in months.Of course, ’s recent run is being helped by names like Tesla and Amazon . And fortunately, we’ve already been overweight . I don’t see it slowing down anytime soon either.As long as we keep seeing bullish internals like this, I think it’s going to cost you to NOT own stocks.More By This Author:
Get Ready For Market Mania
