Saturday, October 19, 2024

My stock outlook for the next few weeks...

Despite many of the perceived risks in the market today... My outlook has remained steadfast – I believe the S&P 500 will likely reach 6000 by the end of the year.
 

Dear Reader,

Despite many of the perceived risks in the market today...

My outlook has remained steadfast – I believe the S&P 500 will likely reach 6000 by the end of the year.

But there's one loud voice that's making a strong case for why I could be underestimating the fragility of this market.

He's the founder of the largest independent research firm in the world...

And he's had a string of accurate market predictions over the last 20 years, most famously for accurately predicting the bankruptcy of the world's largest mortgage brokers, Fannie Mae and Freddie Mac, in May 2008.

I'm talking of course about Porter Stansberry, who filmed a warning this summer explaining why a "buy and hold" approach won't save you from very real threats he sees in the market today.

I'm sharing Porter's message again because nobody has a crystal ball – not even me.

And in all fairness to Porter, a lot of data was published after Porter recorded his warning that supports his thesis:

  • Core CPI inflation is now heading higher for the first time in a year and a half...
  • Credit card delinquency rates have hit the highest levels since 2011...
  • Gold continues to notch one new all-time high after another...
  • And the share of companies in the Russell 2000 that are now unprofitable has risen to 43% – the highest percentage since the pandemic.

So, if you're interested in considering another view on the market, I recommend watching Porter's warning from this summer to understand his full thesis.

As I've mentioned previously, Porter has been spot-on in the past with his market calls.

He predicted the bottom in October 2002, just before a 5-year bull run...

And he called the top in February 2007, over a year before the Great Financial Crash.

But Porter's prediction today could be his most impactful yet.

Here are a few things you'll get his take on:

  • The one very good reason why the market crash he has been predicting has been delayed...
  • Why he believes 99% of investors are making a critical mistake with the way they manage their money...
  • Why he says a "buy and hold" strategy could prove disastrous for investors in the weeks ahead...

Like me, Porter is a data guy...

So, I know you'll walk away from his broadcast with insights you haven't heard before, even if you are as optimistic about the market as I am.

Click here to watch now.

Regards,

Marc Chaikin
Founder, Chaikin Analytics

P.S. If you do share Porter's concerns about the market right now, he also explains one easy thing you can do which will allow you to continue to let your stock positions ride...

While also giving you additional peace of mind that can allow you to sleep better at night.

Click here to see it for yourself.

 

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