Just to put the 5% of stocks on the NYSE hitting new lows last week into perspective, you saw over 25% of stocks hitting new lows in the summer of 2022. Over 50% of stocks were hitting new lows during Covid. And over 60% during the great financial crisis.
How does that 5% feel now?
There's nothing to see here.
Besides, if there was a real credit risk out there and stocks on the NYSE were in fact going down, then China would not be making new multi-year highs, like it did today, and German DAX futures would not be hitting new all-time highs again, like they did today.
There are stocks to buy. There are opportunities to profit in this market.
There are plenty of things working in Gold, Energy, Europe, Latin America, Asia, Base Metals and all of the stocks that correspond to those assets.
Even Tech stocks and Internet stocks (that are not American) are doing great in this market.
We discussed them all last night during our LIVE Video Conference Call.
You're welcome to join ASC Premium and get access to the video replay, download all the slides and review each of the new trade ideas - including the new $TSLA trade that is set up beautifully.
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See you in there!
JC