Hey traders,
We’re witnessing something extraordinary right now. Yesterday, the S&P 500 broke through 6,000, hitting an all-time high.
That’s not just big news for the S&P — it’s a testament to the strength of this market. The Dow Jones is high. The NASDAQ is high. Everywhere you look, the market is on fire.
The Long-Term Market Trend: Always Higher
This is exactly what I talked about at the beginning of the year.
Back in January, I said 2024 was shaping up to be a great year for the markets. And here we are, closing in on the end of the year, proving that prediction right.
But let’s clear something up: I’m not some kind of “perma bull.”
I’ve seen my share of bear markets, and I know when the tide is turning. But the truth is, over the long term, the stock market has always gone higher.
This market is no exception.
Why Guessing the Market Is a Fool’s Game
Let me tell you a quick story.
Back in the ’90s, when I was starting out with my hedge fund, I had a conversation with my first investor. At the time, the Dow was hovering just below 10,000.
He told me about his advisor, who got him out of the market when the Dow Jones crossed above 3,400 in the ’80s.
Fast forward to today, and we’re looking at a Dow hovering around 45,000.
This is why I say it doesn’t pay to try and guess the market.
Whether someone’s screaming, “It’s overvalued!” or “The bubble’s about to pop!” — the market doesn’t care. The trend tells the real story, and right now, that trend is clearly higher.
Bullish on the Market, Bullish on America
I’m not just bullish on the stock market. I’m bullish on America and the American people.
Sure, there are always folks who want to bet against the market.
I know one guy who’s always bearish, and let me tell you, he’s lost fortunes. His negativity clouds everything he does, and it’s no surprise that his investing results match his general outlook.
But that’s not how I see things.
I’m an optimist. I look for the best in people, in the market, and in the world around me. And right now, I see opportunity.
What to Do in a Bull Market
Here’s the deal: When a market hits a new 52-week high, it often keeps going higher.
But right now, we’re not just seeing new 52-week highs — we’re seeing new all-time highs.
This is a rare moment, and if you’ve been sitting on the sidelines, now is the time to pay attention. But remember what I always say: Use your stops.
I believe the market is heading higher, but having stops in place ensures you’re protected if we see a dip or correction.
Long story short, we’re in uncharted territory with this market, and the opportunities are everywhere.
Follow the trend, don’t get bogged down by the noise, and stay disciplined by setting stops in case we get a sudden flush.
Trade well,
Jack Carter
P.S. I’m sharing my top 3 stocks — FREE of charge — right here!
