This Could Be a Runaway Bull Market

Folks, it's easy to get distracted by negative news... After all, there's a lot going wrong in the world. [Chaikin PowerFeed]( This Could Be a Runaway Bull Market By Marc Chaikin, founder, Chaikin Analytics Folks, it's easy to get distracted by negative news... After all, there's a lot going wrong in the world. Fighting continues in the Middle East. And the conflict is ongoing in Ukraine. Beyond that, tensions between the U.S. and China are high. And despite the improving economy, many consumers feel like things are terrible right now. Put simply, the negative narratives out there can feel overwhelming. But folks, the data is dramatically different from that. That's especially true in the stock market. In fact, signs point to the possibility that we're in the early innings of a runaway bull market. But that doesn't mean you can throw caution to the wind. Today, I'll use the Power Gauge to explain what I mean... Recommended Links: [Urgent Warning About the Magnificent Seven]( Wall Street veteran Marc Chaikin predicted this bull market... last year's bank collapses... even the rise of Nvidia, as early as 2014. Now, he's sounding the alarm on what's coming next for the stock market and warns: "Folks getting distracted by the Magnificent Seven right now, especially Nvidia, risk getting sideswiped by [what's coming next](. [Urgent Alert: "This Could be Worth 20X More Than Nvidia"]( Whitney Tilson has nailed many of the most famous stocks of the last 25 years – including Netflix, Amazon, and Apple. Now he's pounding the table on a new technology rolling out across America, which early estimates say could create more wealth than A.I., the personal computer, and the smartphone combined. [Click here to see how it could become the No. 1 investment of the next decade](. After a brief pause, the market is making another big move higher. The S&P 500 Index is up about 3% over the past month. We're talking about roughly six months' worth of the index's typical gains in a single month. Meanwhile, the tech-heavy Nasdaq 100 Index has soared about 6% over the past month. Despite some small pullbacks, both indexes have kept making record high after record high this year. Put simply, it's looking like we're in a runaway bull market. And it's clear on the chart. Take a look... [Chaikin PowerFeed] So far in 2024, the broad market S&P 500 has gained an incredible 15%. And the Nasdaq 100 is up about 17%. Folks, we have to keep this in perspective when we see negative news. Many people feel bad about the state of the world. That's their right to feel that way. I'll also acknowledge that across the globe, terrible things are happening – and many folks are struggling. But there's no getting around the fact that the markets are soaring. With that said, this doesn't mean to run out and just buy anything... Take a look at the Power Bar ratings below for the S&P 500 and the Nasdaq 100. In our system, we use the SPDR S&P 500 Fund (SPY) and the Invesco QQQ Trust (QQQ) to measure those, respectively. And here's what the Power Bars look like... [Chaikin PowerFeed] In both cases, the majority of the stocks in these funds earn a "neutral" or worse rating from the Power Gauge. That means that that just a select few stocks are responsible for this rally. That means differentiating between the "good" stocks versus the "bad" stocks is more important than ever. More specifically, you want to make sure you're in the "bullish" names... and avoiding the "bearish" ones. Beyond that, you need to understand what this incredible market concentration means. U.S. stocks are at their most concentrated levels ever. And that has big implications for some very specific segments of the market going forward. That's why next week, I'll be going on camera to share the details of my next big prediction... I'll also share an investing strategy that could make you bigger gains than anything I've ever used the Power Gauge for before. No matter how you've fared in the markets in the past few years, take my word that it's all on the line today. My special event with all the details is next Wednesday, June 26, at 8 p.m. Eastern time. And it's completely free to attend – you just need to reserve a spot in advance. [You can do so right here](. Good investing, Marc Chaikin Market View Major Indexes and Notable Sectors # Hld: Bullish Neutral Bearish Dow 30 +0.76% 9 17 4 S&P 500 -0.27% 121 301 75 Nasdaq -0.77% 32 52 16 Small Caps -0.43% 369 1089 438 Bonds -0.67% Energy +1.84% 3 17 2 — According to the Chaikin Power Bar, Small Cap stocks remain somewhat more Bearish than Large Cap stocks. Major indexes are mixed. * * * * Sector Tracker Sector movement over the last 5 days Energy +1.77% Financial +1.69% Staples +1.04% Information Technology +0.88% Discretionary +0.73% Industrials +0.69% Communication +0.63% Health Care +0.32% Materials -0.2% Real Estate -0.34% Utilities -0.44% * * * * Industry Focus Pharmaceuticals Services 11 24 6 Over the past 6 months, the Pharmaceuticals subsector (XPH) has underperformed the S&P 500 by -16.34%. However, its Power Bar ratio, which measures future potential, is Strong, with more Bullish than Bearish stocks. It is currently ranked #9 of 21 subsectors. Top Stocks [rating] AMRX Amneal Pharmaceutica [rating] RVNC Revance Therapeutics [rating] PCRX Pacira BioSciences, * * * * Top Movers Gainers [rating] GILD +8.46% [rating] ACN +7.29% [rating] EPAM +6.78% [rating] WRK +5.01% [rating] PARA +4.68% Losers [rating] JBL -11.44% [rating] ENPH -8.77% [rating] CMG -6.22% [rating] MU -6.03% [rating] ALB -5.78% * * * * Earnings Report Reporting Today Rating Before Open After Close FDS, KMX No earnings reporting today. Earnings Surprises [rating] KR The Kroger Co. Q1 $1.43 Beat by $0.06 [rating] DRI Darden Restaurants, Inc. Q4 $2.65 Beat by $0.04 [rating] ACN Accenture plc Q3 $3.13 Missed by $-0.02 * * * * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, [click here](. You’re receiving this e-mail at {EMAIL}. 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