Well, unless you have been living under a rock, you’re probably aware that it’s ugly out there.
Here’s what the S&P 500 looks like over the past week:
I want to point out a few important things here and then I want to mention 3 specific tickers I am still buying in spite of this carnage.
(By the way, if you don’t get my daily updates and trade ideas, be sure to join my free Telegram channel so you get them in real time.)
The first thing that is important to note is that the market isn’t crashing right now.
I know it feels like it, but that’s something traders tend to do – we get “zoomed in” to the here and now and forget to take a step back.
It’s a brutal few weeks any way you slice it, don’t get me wrong. But speaking of weeks, take a look at the last 2 years on the S&P compared to the one I showed you above:
Looks pretty good, eh?
Now, I am not saying things can’t get worse or anything like that. We could definitely see a deeper correction here and it could even be a more serious one…
But I think it’s extremely important to put this current price action into scope and recognize where we’re at. This isn’t a “market crash” or anything close to it…
What we have here is a short-term pullback so far. It could extend into something more severe, but I am still mostly optimistic through the middle of 2025.
That said, I am not ignoring the current chaos. The panic in the streets is certainly real and there are a lot of macro and fundamental concerns to be careful with.
That’s why I am narrowing my focus down to a few tickers I have more confidence in right now.
Tap here to read the short report
Enjoy,
Nate
P.S. No hoops to jump through or anything, just an easy-to-read PDF you can go through that explains the 3 stocks I am most aggressively buying right now. Tap here to read it.
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