π The Remarkable Recovery
π Daily ETF Overview
A few weeks ago we pointed to the breakdowns across the board in the major U.S. equity indexes.
But in just a short timespan, the indexes are already back at their former all-time highs. This recovery back to new highs has been nothing short of remarkable, and we've completely pivoted from breaking to new lows to a potential all-time high breakout in a short space of time.
Any new highs here in the S&P 500 would be incredibly bullish.
We may be seeing the beginning stages of leadership changing in the ETF world; from growth, to cyclicals, to international outperformance. But it's not just going to be these ETFs that see the biggest gains.
It's going to be the individual stocks driving the moves underneath them.
And earnings season is when we find out exactly which names the market wants to reward.
On Monday, April 20th, Steve Strazza is hosting a time sensitive investor briefing where he'll break down the one signal his team uses to identify which stocks are about to make their biggest moves on earnings, and how to get in position before they happen.
As a bonus for signing up, you'll get a free copy of the latest Beat Quarterly, where we score every S&P 500 earnings report to show you where leadership is quietly rotating.
