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ReOpening Trade has better UPSIDE potential

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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