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We had so much fun, so fast!
Last week, the S&P 500 reached its 15th straight record high this year. When things are looking good, you can’t help but wonder if the market is overheating.
Consider this… CNBC recently reported that only 22% of S&P 500 stocks are outperforming the index right now, meaning that only a few large-cap stocks are doing most of the heavy lifting.
So, where does the market go from here?
In this week’s Navellier Market Buzz, we invited one of our favorite tech experts, Tammy Marshall, to help answer that question for us. We talk about why this market is expanding, and whether it could pull back (and by how much) – plus key support levels to watch. Plus, we reveal our five best stocks to buy when the market is down.
Click the image below to watch now.
To watch more of my videos, Click here To subscribe to my YouTube channel. And if you want to learn more about Tammy, check out her website here.
In addition to grades in Stock grader (Subscription required) Updated this week! Click here to connect your stock And see how they were rated.
A rare market window may open
While Tammy and I have mostly focused on the technical side of this rally, there is another reason I’m watching things closely now.
This is because the Senate is expected to vote to confirm Kevin Warsh as the new Chairman of the Federal Reserve this week.
But personally, I think the mainstream financial media is getting the whole story wrong.
You see, most of the media coverage up to this point has been about the politics of the court: the dispute between Trump and Powell — or whether Warsh will be a puppet of Trump.
What most of these people miss is the fact that Warsh has big plans for the Fed.
He wants to fix it. And yes, that includes major interest rate cuts.
I want to be very clear.
In nearly 50 years of investing, I’ve only seen market conditions like these four times before: 1995, 2001, 2008, and 2020.
Each time, my Stock Grader system has identified a group of penny stocks that are showing unusually strong institutional buying activity before they make some of their biggest moves.
I think we may enter this type of window again, on Friday, May 15th.
If this window opens the way I expect, the biggest gains could come early – which is why I think investors need to pay attention now.
To explain exactly what I’m seeing, I’ll be hosting a special presentation called 10X Fed shock event on Wednesday, May 13 at 1 PM EST.
When you register, you will have access to My Account Exclusion list53 small-cap stocks that my system has identified as particularly well-positioned for this next window.
During the event, I’ll reveal the one stock with the highest conviction from the entire list for free.
Click here to reserve your seat now.
sincerely,
Louis Navellier
editor, Market 360
