Happy New Year!
In case you didn’t make it to midnight to watch the ball drop, we’ve officially hit 2024 – and a profitable but occasionally tumultuous 2023 is behind us.
Stocks ended the year with a bang, though, and now we need to focus on what’s next. I’m happy to say that my data indicates more gains are on the way.
As we prepare to get back to work – and back to making money – I wanted to share with you a video I did as part of a TradeSmith roundtable. My fellow TradeSmith editors and I answered key questions about stocks and what investors should be doing right now as we roll into a new year.
Click the image below to watch it now.
I’ll go over what sectors I anticipate will do well in 2024, how our portfolios are doing, what to avoid in the new year, and one potentially big catalyst that people are just now starting to talk about.
The setup is quite positive. Anyone who missed the end-of-year rally can still make money in the weeks and months ahead. And anyone who rode stocks higher can make even more money.
Record amounts of cash on the sidelines provide more than enough fuel for stocks to move significantly higher – especially the kinds of stocks we focus in with superior fundamentals, strong technicals, and Big Money pouring in.
I hope you had a restful holiday season with friends and family, and I look forward to continuing our fun and profitable journey together into the new year.
Take a few moments to watch the video now as you set your sites on the year ahead. I wish you much health, happiness, and prosperity in 2024!
Editor, Jason Bodner’s Power Trends