What if the stock market rally is just getting started?
US stocks are having a great 2024.
The S&P 500 and Nasdaq are already up 18% and 23% in just the first 6 months. That’s about twice as much as they typically gain in a whole year.
Some investors think this is a sign of exuberance and that we’re heading for a stock market crash.
But I saw something the other day from my friend JC Parets over at All Star Charts and it made me think.
JC tweeted out this chart of the Nasdaq saying, “There’s an argument to be made that this month is a fresh breakout for the Nasdaq… and that this is all just getting started.”
Source: @allstarcharts on X
US stocks have gone up for much of the past 15 years. Most investors assume the bull run must end soon.
But JC is one of the best technical analysts I know, and he’s asking, “What if we’re only getting started?”
I have no edge in predicting the market’s short-term direction. Our RiskHedge “way” is owning great, disruptive businesses that’ll power through any market conditions.
But it makes you think. What if we’re in the roaring 2020s? What if right now is our one golden opportunity to make as much money as possible in the markets?
What if artificial intelligence (AI) lives up to the hype, creates trillions of dollars in new wealth, and allows little disruptor companies to grow faster than what was previously possible?
At RiskHedge, we’re here to help you profit from the rapid technological change going on all around us.
I publish fresh research every M/W/F in my investing letter The Jolt⚡.
— Stephen McBride, Chief Analyst at RiskHedge
