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"Only 5-10 stocks are holding up this market"

April 5, 2023

Have you heard the latest?

They're telling us that only 5-10 stocks are holding up this market.

How dumb do they think we are?

Go look for yourself.

I count well over 100 stocks that are over $10B market cap with returns greater than 20% just in 2023 alone. These are NYSE and Nasdaq stocks.

Half of those are up over 30%.

And many more are up over 40%.

What kind of terrible math do you need to calculate that only 5 stocks are holding up this market?

We just saw back-to-back quarters of very good returns for the S&P500 - and that's with the U.S. underperforming other parts of the world whose stock markets are doing much much better.

For example, take a look at the S&P500 broken down into deciles according to their market cap.

Yes, the biggest ones are leading. But there are plenty of names working in this environment. In fact, it's much harder to find stocks that aren't working.

Be careful what you hear on cable television.

Don't always believe what they tell you on twitter.

Do the work yourself.

Or just come to us - you know we keep it simple around here and just count them.

In bull markets stocks go up.

And have most stocks been going up or down?

We discussed everything on this week's LIVE Conference Call.

What will the market have to do to turn around and re-enter a bearish trend?

What would put this bull market into question?

Which stocks are we buying right here right now?

It's all in this week's LIVE Conference Call.

Premium Members make sure to give that a watch here and download all the slides.

Let me know what you think!

JC