What’s happening in the Nasdaq is nothing short of amazing...
But the contrarian in me can’t help but wonder how long the market can keep this up.
Once that hot earnings season air leaks out — and it will — those nasty headlines from September that were pushed off the front page are ready to jump back in the spotlight.
That means more focus on shipping bottlenecks, Washington gridlock and Chinese regulatory and real estate dysfunction.
And even though I’m still bullish on retail and the holiday season — how about that report from our good friend Under Armour? — I’m less optimistic that the holidays will hold Mr. Market’s attention.
If those negative headlines creep back in the media, then another 4% or 5% correction isn’t out of the question...
Which is why I’m ready to move on a few of my top defensive stocks for November...
Aggressive “desk clearing” FDA approvals have fuelled at least some of the latest profits of 2021… And the next 61 days could be even bigger.
Researchers from Harvard and MIT noted in a recent report that “approval spikes occur at the end of each calendar month,” and before the “end of the year in a kind of ‘desk-clearing’ activity.”
How the Nasdaq Is Setting New Highs Without Help From FAANG Earnings October 29, 2021
The Nasdaq isn’t hitting highs just because the bulls are out in force buying the FAANG dip, the big tech firms outside of the big five are killing it...
3 Massive EV Stock Wins I Gave My Readers for FREE — and 1 to Grow On November 1, 2021
These battery and energy EV pick-and-shovel play stocks are riding high as the battery and energy names get ready to report earnings over the next two weeks.
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