By The Phoenix
And when it does, smart investors will lock in TRIPLE DIGIT… and possibly even QUADRUPLE DIGIT RETURNS.
Stocks performed a backtest of the broken rising wedge formation (red lines in the chart below) yesterday.
The driver was the announcement from the Fed that multiple officials were open to cutting interest rates. The bad news for the bulls is that the S&P 500 was not able to ignite to new highs and stay there.
In simple terms, this rally is tired. And there is no shortage of major risks on the horizon. Indeed, yesterday Fed Chair Jerome Powell noted that the global economy was in tatters and that this could spill over to the U.S.
He’s correct here, the US (black line) is dramatically outperforming the rest of the world (blue line) since early May. And it’s not clear this can continue much longer, especially as the Trade War expands from the US vs. China to the US vs. Europe.
The opportunity for traders here is tremendous.
On that note, we are already preparing our clients for this with a 21-page investment report titled the Stock Market Crash Survival Guide.
In it, we outline the coming collapse will unfold…which investments will perform best… and how to take out “crash” insurance trades that will pay out huge returns during a market collapse.
Today is the last day this report will be available to the general public.
To pick up one of the last remaining copies…
Chief Market Strategist
Phoenix Capital Research