Your Bull Market Continues

JC Parets
July 15, 2024

It's worth pointing out that despite the events over the weekend, you're not seeing any bid at all for Gold.

It's the stock market that's getting a bid. It's Bitcoin that's up 6% since Saturday.

And it's the Small-cap Indexes that are hitting new 30-month highs:

Remember when it wasn't a bull market because small-caps weren't participating?

Well now what?

Remember when it was only 7 stocks?

Well, last week we saw almost 50% of stocks in the Russell3000 hit new 1-month highs. As a reminder, the Russell3000 represents approximately 98% of all investable assets in the U.S. Equities market.

Meanwhile, here's another bull market development: ON AN EQUALLY-WEIGHTED BASIS (so not just Amazon and Tesla), Consumer Discretionary just broke out last week relative to Consumer Staples - coming out of a 6-month base to new multi-year highs.

There is nothing bearish about Discretionary stocks outperforming Staples. That's actually what you see in bull markets.

You'll also notice how the ratio between High Beta stocks and Low Volatility looks just like that Discretionary/Staples ratio.

These charts are a great representation of the median stock in this market throughout most of this year.

Sentiment was getting hot coming into February/March and the market needed a breather. Most stocks took a break after that.

And then resumed higher during the back half of Q2.

Since then the bull market has only gotten stronger.

It's not just 7 stocks.

In fact, here is a list of the biggest companies in the country - ALL hitting new highs.

You can get all the details from this week's Hall of Famer's Report here.

But this is what bull markets look like.

This is what happens in these kinds of environments. Go back and look for yourself. You'll see.

And so what are we buying? What are we doing about it?

Tonight is our LIVE Conference Call for Premium Members of ASC Research. We'll walk through each of those ideas one by one and how to manage risk & take profits along the way.

Premium Members make sure to REGISTER HERE if you haven't already. We'll get going LIVE @ 6PM ET.

If you're not already a Premium Member, you can sign up here RISK FREE and join us this evening. You'll also get access to all the research and 24/7 access to our Trade Ideas Page.

I'll see you in there!

JC

 

 

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