Every quarter, media minds drone on about the most important earnings reports of all time. They treat the latest Federal Reserve meeting as a matter of economic life or death. And don't get me started on the phrase: "The most important election of our lifetimes."
| | | | | | The "Most Important Week of 2021" |
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| Dear Reader,
Every quarter, media minds drone on about the most important earnings reports of all time.
They treat the latest Federal Reserve meeting as a matter of economic life or death.
And don't get me started on the phrase: "The most important election of our lifetimes."
The media sells urgency and fear.
They're experts at making you feel like you're falling down a flight of steps with no handrails to grab or support yourself.
I've worked in those newsrooms, and I've seen those headlines morph.
This week, we will see 181 companies from the S&P 500. From a long-term perspective, this shouldn't matter to Buy and Hold investors. You'd be better off ignoring the news this week if you own shares of Amazon, Apple, Facebook, and Microsoft.
But if you're an active trader, you should consider the impact this week will have on market momentum.
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| | | | | Massive Economic Growth Could Be Just Around The Corner
Garrett Baldwin believes we're on the verge of not just a recovery… but massive consumer-driven economic growth.
Garrett and famed trader Rob Booker are giving all the details on this opportunity in a live webinar this Wednesday, April 28 at 2pm (ET). Better yet: Garrett will reveal what he believes is the best investment strategy to play this surge.
Claim your seat now! [Clicking this link automatically registers you for the April 28 event and its reminder emails from Godesburg Financial Publishing ( privacy policy).] |
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| | | As I've noted, the S&P 500 continues to fire on all cylinders. The 5-13 Exponential Moving Average – a measure of price momentum on 5- and 13-day intervals – showed strong flow heading into this busy earnings week.
However, the broader market – and the Russell 2000 – has been dancing back and forth between positive and negative momentum for about six of the last seven weeks.
I pay attention to the latter estimate because there are more than 6,500 publicly traded companies. The S&P 500, however, is incredibly top-heavy.
Amazon, Apple, Alphabet, Microsoft, Facebook, and Tesla comprise more than $9 trillion in market capitalizations. That represents more than 10% of the entire universe of public companies that I track.
Should Apple and Microsoft – which comprise 11% of the S&P 500 weight and 21% of the NASDAQ 100 – disappoint this week, I expect steep rotation of capital out of the Mega Cap stocks and back into value stocks.
We are now in a peculiar market where just a few companies can dictate the full direction of the market. I'll have regular updates for you all week.
Meanwhile, I'm eyeing the companies that I expect will benefit the most from the great reopening trade. There is a lot of money on the sidelines waiting to pour into these stocks – and with global consumers sitting on trillions in cash – I think we're about to see an incredible run among companies in hospitality, entertainment, sports, dining, and more.
I'll be hosting a webinar on Wednesday to discuss these trades and more with Rob Booker.
I'd love for you to attend. So, please, reserve your spot right here. [Clicking this link automatically registers you for the April 28 event and its reminder emails from Godesburg Financial Publishing (privacy policy).]
Enjoy your day, |
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