Thankfully it's only price that pays anyone
If the only thing that pays us is price, then why wouldn't our process both begin and end with the study of price?
Why on earth would we spend any time at all worrying about anything else?
Be especially careful with people who tell you, "Don't fight the fed". They're probably confused, just lying to you or making up narratives to justify their own misbehavior.
Here's why, in case you still don't know the truth.
We've been buying the winners. And it's working.
Look at Chevron and Exxon, for example, both going out at new all-time highs this week:
And while we've been pounding the table about Energy around here for a while, there are other areas working too.
More and more industry groups are joining the list of leaders.
Look at the U.S. Insurance Index just a few pennies from new all-time highs:
So think about it like this.
First there was strength in Energy.
Now you're seeing it in Financials.
Then came the Industrials.
Look at Aerospace & Defense also just a few pennies from new all-time highs:
There are a lot of stocks and sectors doing well.
Take a look at Monster Beverage flirting with breaking out of a huge base:
We can do this all day if you want.
Here's T-Mobile, a stock that just went out at new all-time monthly closing highs
They keep telling me that its a bear market, but I keep seeing more and more stocks breaking out to new highs.
"But those are defensive sectors, JC. The stocks most people own are going down...."
Well first of all, I couldn't care less what other people own. If some investors are losing money because they own too many growth stocks, that isn't my problem.
Is First Solar defense?
Because it's hitting new 10-year highs:
And even some of these traditionally garbage stocks are popping up.
Look at Robinhood making new 6-month highs:
Bear Markets are a choice.
You don't have to lose money.
There are stocks that are going up. More and more with each week that passes.
But investors like to pretend we're still in prior cycles.
They think what worked a few years ago still works today.
And I say too bad.
Don't worry about bad decisions that other people are making.
I would encourage you to look out for yourself. Focus on your portfolio.
No one else's money should matter to you.
I'm fired up for this current market environment.
And I couldn't be more excited about Monday night's Live Conference Call.
Premium Members make sure you're registered. We get going Monday 11/7 @ 6PM ET.
See you there!
JC