Your Second Chance to Trim Profits

[Jeff Clark's Market Minute]( Your Second Chance to Trim Profits By Jeff Clark, editor, Market Minute Now is your chance to sell. Actually… it’s your second chance. The market has staged a remarkable recovery. After peaking near 5650 in mid-July, the S&P 500 dropped to below 5200 in early August. It was a fast, hard drop. The action scared a lot of investors – and sent the Volatility Index (VIX), Wall Street’s fear gauge, above 65. In my [video update on August 8]( I mentioned that traders who missed the chance to sell stocks at all-time-highs in July shouldn’t be too disappointed. They’d likely get a second chance to do so. Now is that chance. Recommended Link [Expert Who Predicted the Biggest Financial Events of The Last 30 Years, Issues New WARNING:]( [image]( Eric Fry has called every major market-event of the last 30 years… Recommending 41 stocks – EACH one hitting 1,000%+ returns… But today, Eric releases his biggest WARNING of 2024. In short… [The world’s wealthiest investors (Jeff Bezos, Mark Zuckerberg, 48 members of Congress, and more) are about to exploit a massive “transfer of wealth” at the cost of your own personal savings.]( The last time this happened… In the 2020 crash – the top 1% added $15 trillion to their net worth…  Meanwhile, the middle class has suffered ever since.… [But now – another major ‘transfer of wealth’ has just begun.]( Today you have ONE final chance to follow alongside the wealthy, in what may be the [greatest investment moment of 2024.]( [Click here.]( -- Your Second Chance While the stock market’s recovery has been a lot faster than I expected, it doesn’t change the outlook. At 5640, the S&P 500 is trading at 23 times forward earnings expectations. That’s expensive. It’s at the upper range of its historic valuations. “But,” the bulls will argue, “the Fed is shifting to an easy money policy. They’re about to start cutting interest rates. And, that’s bullish for stocks.” But is it, really? Think about this for a moment… On Friday, the Chairman of the Federal Reserve Board, Jerome Powell, gave a speech at the annual summit in Jackson Hole. He made it clear the next direction for rates is lower. And, the market immediately priced in at least a 25 basis point cut in September, and a total of 100 bps by the end of the year. Yippee. The computers went into “buy mode.” The S&P 500 added even more to the rally it had been on for the previous two weeks. And, the market closed within spitting distance of the all-time-high from July. Because, as everyone is saying, lower rates are bullish for stocks. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. Remember… History Rhymes Some of us older traders, though, will remember the last Fed rate-cutting cycle – which took the Fed Funds target rate to 0% and kept it there for several years. That cycle started with the first rate cut in September 2007. And, the final rally associated with that cut took the stock market to all-time highs. Then came 2008 and the Great Financial Crisis – which cut the S&P 500 in half. I’m not saying we’re headed towards the same fate this time around. But, I am suggesting that history rhymes. And, maybe we shouldn’t get too excited about buying the S&P at 23 times earnings when the Fed typically only lowers interest rates during difficult economic times. So… if three weeks ago you were fretting that you didn’t sell some stocks at the all-time highs in July, you now have a second chance to do some trimming. It would be unfortunate to be fretting about the same thing a few weeks from now. Best regards and good trading, [Signature] Jeff Clark Editor, Market Minute [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2024 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](