Stocks staged a MAJOR breakout last week.
The blue line in the chart below has marked a TOP for every market rally this year. But not this time. Stocks broke through it to the upside. They then held it overnight into the next session.
This is EXTREMELY bullish.
In the very near term the market is sharply overbought. But from a technical perspective, this opens the door to a much larger bull market run.
Central banks now providing over $80 billion in liquidity every month ($960 billion per year). Corporations are planning nearly $500 billion in buybacks. So we’re talking about nearly $1.5 TRILLION in indiscriminate buying power hitting the stock market in the next 12 months.
Put simply, a TSUNAMI of liquidity will be hitting the financial system. And we’ve seen how stocks respond to this from 2009-2015.
The long-term chart tells us 4,000 on the S&P 500 is going to happen
If you are not already putting capital to work to profit from this, the time to start moving is NOW.
If you’re looking for a means to profit from this, we just published a new investment report titled The Last Bull Market.
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There are fewer than 60 left.
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Best Regards,
Graham Summers
Chief Market Strategist
Phoenix Capital research