A month ago I released a video predicting the stock market rally would end by Labor Day weekend.
A similar incident occurred back in 2000 when the dot-com bubble ended. Back then we saw a rally last through the summer, followed by a sell-off after Labor Day weekend — right when everyone thought the market would hit new highs…
And I think that's exactly what we're looking at now — the opening phase of a correction, perhaps a steep one that will take months to play out.
Tech stocks led our recent rally and now represent a good chunk of both the S&P 500 and the Nasdaq… That means the money flow is going to start looking something like this.
And while you still have time to set your sights on stocks outside the tech realm, I also expect a snap-back rally to hit the markets soon... Maybe even in the next two days.
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