The Next Pullback Won't Derail the Bull Market

It's undeniable at this point... Stocks are off to a strong start this year. [Chaikin PowerFeed]( The Next Pullback Won't Derail the Bull Market By Marc Chaikin, founder, Chaikin Analytics It's undeniable at this point... Stocks are off to a strong start this year. The benchmark S&P 500 Index has soared about 10% so far in 2024. It has made new all-time high after new all-time high. Now, I get that things are looking a bit lofty. And I realize that probably gives you pause. Beyond that, stocks haven't even pulled back significantly in many months... From August through October, the S&P 500 entered "correction" territory with a roughly 10% drop. But since then, the market has churned higher and higher. That's an incredible run in a short span. And put simply, we're due for a pullback. But if you've been following along here at the Chaikin PowerFeed in recent months, you know that... I don't believe the next pullback will derail the bull market. And I have data to back that up... Recommended Links: ["The Most Valuable Information You Will Ever Get For Free In Your Life."]( Stansberry Research founder, Porter Stansberry, famously predicted the fall of the iconic General Motors... and the rise of bitcoin around $10,000, before it soared past $60,000. Yet even still, he says the story he's telling on March 26th is "without a doubt" the most valuable information you will ever get for free. [Click here for details while it's online](. [Obama's 2024 Surprise: His secret plan to finish what he started]( The ONLY way Democrats can keep the White House is to bring back Barack Obama. And there's a sneaky (yet 100% legal) way to achieve this. In fact, this disaster scenario is already underway. See what they're up to, and how you can get ready today. [Here's the full video exposé](. As I told PowerFeed readers [earlier this month](... The final seven months of presidential-election years (from June 1 to December 31) are often the best-returning months. In 16 of the past 18 presidential-election years, the S&P 500 was up over that span. And in all those instances, the index averaged a 10% gain. That's not all... A strong opening to the year is historically a "bullish" sign. Financial-services company Carson recently looked at S&P 500 data throughout history... Since 1954, the market has gained at least 5% over the first 50 days of the year 25 times. And 24 times (96%), the market finished the year even higher. In fact, the average return for the rest of the year in all instances was nearly 13%. (The median was roughly the same, too.) That's huge. History tells us the broad market could end the year up another 13% from its current level. That's true even if we endure a short-term pullback. And we have one more tailwind behind stocks right now... Last Wednesday, Federal Reserve Chairman Jerome Powell made a bold statement. He said that, despite the recent bump up in inflation, the Fed still forecasts three rate cuts before the end of the year. This is a big deal for the stock market. It means that the Fed is about to take its foot off the economic "brake pedal." Keep in mind that lower rates translate to lower costs for businesses and lending. And that, in turn, will create a tailwind behind stocks for the rest of the year. Put simply, a massive opportunity still exists in stocks right now. It doesn't matter if the S&P 500 looks a little overextended in the short term. So as I've said many times, I'm still "bullish" for the rest of 2024. Sure, there will be a pullback at some point. That's just the reality of the short-term market outlook. But that doesn't mean it's time to run for the hills. We have the historical presidential-election-year market pattern on our side. And we have the strong start to the year so far in stocks. On top of that, the Fed is about to create a broad macroeconomic tailwind. I encourage you to stay "bullish" for the rest of 2024, too. Good investing, Marc Chaikin Market View Major Indexes and Notable Sectors # Hld: Bullish Neutral Bearish Dow 30 -0.81% 12 17 1 S&P 500 -0.19% 188 258 51 Nasdaq +0.08% 40 48 11 Small Caps -1.35% 508 1032 368 Bonds +0.95% — According to the Chaikin Power Bar, Large Cap stocks and Small Cap stocks are Bullish. Major indexes are mixed. * * * * Sector Tracker Sector movement over the last 5 days Communication +3.19% Discretionary +2.62% Industrials +2.59% Information Technology +2.08% Financial +1.54% Energy +0.88% Utilities +0.63% Materials +0.62% Staples +0.15% Health Care +0.06% Real Estate -1.08% * * * * Industry Focus Transportation Services 9 26 8 Over the past 6 months, the Transportation subsector (XTN) has underperformed the S&P 500 by -10.40%. However, its Power Bar ratio, which measures future potential, is Strong, with more Bullish than Bearish stocks. It is currently ranked #14 of 21 subsectors and has moved up 1 slot over the past week. Top Stocks [rating] ARCB ArcBest Corporation [rating] LYFT Lyft, Inc. [rating] GNK Genco Shipping & Tra * * * * Top Movers Gainers [rating] FDX +7.35% [rating] NVDA +3.12% [rating] AES +3.05% [rating] CEG +2.36% [rating] GOOGL +2.15% Losers [rating] LULU -15.8% [rating] NKE -6.9% [rating] PARA -4.82% [rating] EPAM -4.54% [rating] BXP -4.3% * * * * Earnings Report Reporting Today Rating Before Open After Close LULU No earnings reporting today. Earnings Surprises No significant Earnings Surprises in the Russell 3000. * * * * 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}. For questions about your account or to speak with customer service, call [+1 (877) 697-6783 (U.S.)](tel:18776976783), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. 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