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Bust out the champagne and caviar!
New ALL TIME HIGHS for the S&P and Dow Jones. Plus, the Nasdaq is up 50%.
You’ve heard the skeptics and their warnings…
“Inflation will remain high… a banking crisis is going to unfold… office real estate is crashing… the consumer is weak… a Middle East oil shock is coming… the Santa Claus rally failed.”
Ummm — not so much.
Stocks have ignored it all…
Climbing the famous “wall of worry.”
The good news is that stock market gains will likely continue.
It’s been 2 years since the S&P 500 made an all-time high. And this latest breakout signals that the new bull market is thriving.
Let’s take a look at the data back to 1957…
There are 13-times when the S&P went +1 year WITHOUT making an all-time high.
Once it made a new all-time high – it was off to the races.
The average gain one-year later was 11.8%.
You can see all the data here…
In fact, there was only 1 time when the S&P 500 was lower 1-year later.
That was after the May 2007 all-time high.
You’ll recall that the Great Financial Crisis was underway in 2008 and 2009. And the S&P fell nearly 9% over the next year.
It doesn’t seem like we’re on the brink of a major financial crisis. #FamousLastWords
Here’s the takeaway…
A new all-time high is bullish for stocks.
This is especially true when it’s been +12 months since the prior all-time high.
Stocks are higher 92% of the time in this situation.
You don’t want to be selling these new all-time highs.
The odds suggest that stocks will continue delivering positive returns in 2024.
So, what are the best trades for February?
My new predictive AI Trading Bot helps uncover the next big winning trades – letting you bank profits of 72%… 81%… and even 125%.
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Ian “Staying Bullish” Wyatt