I hope you’ve been buying the dips. Despite the negative Media narratives about inflation, FED policy & COVID Variants…this week the S&P 500, DOW & NASDAQ all closed at record highs.
I continue to believe that the ReOpening Trade stocks (like the COVID90 portfolio & other cyclical sectors) still offer the best potential. While the S&P 500 may have a 5% upside through the end of the year, the ReOpening Trade could move up 10-15%, or more.
The ReOpening stocks peaked in mid-March (see chart). They’ve been consolidating for over three months. Their 50dma has flattened, and I believe this resilience will be rewarded with a breakout to a new record high.
…but that’s just my opinion.
If you’d like to meet in person:
- Oklahoma City area Wealthsteading Meetup:
- July 27, 6:00pm
- Edmond Railyard, 23 W 1st St, Edmond, OK 73003
Let me know if you’re planning to attend so that I can notify you with specifics and any changes. Also, please let me know if you’d like to schedule a private meeting while I’m in the OKC area.
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