Just when I thought we’d get a little more congestion, the market says otherwise with an upside.
The S&P 500 is up .75% and the Russell 2000 is up .88%.
I’m really happy to see these numbers because they mean that the small caps are still outperforming the large caps.
In even more exciting news, Intel just bought an Israeli AI chip for $2 Billion from the start-up company Habana.
Here’s why this is great on so many levels:
Big buy-outs like this typically don’t happen in a bear market and occur only when there’s aggressive accumulation on the table.
In other words, Intel believes that this startup will be incredibly valuable, even though we’re not in a downturn.
Although overall things are looking positive, keep in mind that markets remain overbought and fragmented.
Now moving on to interest rates, I think they’ll be on the rise soon enough.
Right now we’re seeing a market that has bonds and interest rate both going down, which should never happen due to their inverse relationship.
I believe that bonds are about to be topped out, and revert back down South while the interest rate rises.
I also hope you were able to catch my 2020 Wealth Blueprint event today.
I explained my complete financial attack plan for the next 12 months. It’s how I plan to double my net worth in 2020.
The plan covers all the “what ifs” that could happen in the market in 2020.
Fortunately, I’ve developed several trading systems over the past decade that can thrive no matter what happens next.
But if you missed the event, I have good news. I’ve made a replay available for a limited time.
I’ll tell you where I expect the market to go next and the best way to play it.
