The Next Bear Leg Has Started!

What is going to happen next? [image] [Sign up for Courtney's new Blog! It's free!](=) Sell short Yesterday’s savaging of the stock market signals, to me, the beginning of the next leg down in this bear market. For the last couple of months, I’ve been telling you: - We were going to have a normal seasonal rally - The rally would be concentrated in sectors that had been hurt in the first six months of the year - Crypto would rally - But this rally would end in the middle or end of August We are now there. All I was waiting for was a short term signal that the bull run is over. I think today was that signal. Here’s why: - There was a whiff of panic in the air. - We closed lower than the closes of the last 8 sessions. - Seasonally, we should be a bear leg now that lasts at least 2-3 months. - We are in a recession. - EPS are expected to start declining. - Inflation is heading higher. - The Fed is tightening. Now is the time to exit those NASDAQ type positions and go back to: - High dividend stocks - Consumer staples - Utilities - Inverse ETFs - Shorting key sectors like home builders and foreign stocks. Watch me as I switch gears and beat on this market like a Tom Tom drum. Click here to learn more about the Option Navigator where I reveal the actual trades I’m putting on my personal account. Apply now! *********************************************************** The ULTIMATE Trading Education! Courtney Smith has put together an incredible site where he is brain dumping everything he knows about trading stocks and options. [Click here to learn more now!](=) He just added new training on Extreme Profits! ************************************************************* Words To Live By The 80/20 Manager by Richard Koch While it is unusual to see such extreme concentration in quarterly gains, if you take the last twenty years, more than 100 percent of the gain in earnings from the S&P 500 has come from that same tiny proportion of the total—the top ten stocks. The index as a whole has shown robust earnings growth of 7–10 percent per annum over the last two decades. But if you exclude the top ten stocks, the remaining 490 firms have had negative average growth of 3.3 percent in the same period. Where to get more Courtney! New blog!: [Click here to join for free!](=) Youtube: [Freebee Wall Street Winners](=) Podcast: [The Courtney Smith Show]() Substack: [courtneysmith.substack.com](=) Medium: [Courtney Smith – Medium]() [Profile Image] COURTNEY SMITH WealthBuilder LLC Work (702) 761-6837 | Text Message (702) 718-8588 Support@WealthBuilderLLC.com CourtneySmith.com Share The Love If you like Trade Secrets, then please pass it on to your nearest and dearest so they can [sign up]() too. If you believe in the power of good journalism, make it something you subscribe to. Sharing is caring. [image] 1. Get your Option Strategy Guide and 7 Option Top Trading Tactics.[Click here]() 2. Health is very important at this time. Ian Cooper has a new report and LIVE trade sheet to learn which are the BEST Health care, Pharma, Biotech, Insurance Companies.[Click here](=) [image]() [Unsubscribe]( Wealthbuilder LLC 6671 Las Vegas Blvd South 210 Las Vegas, Nevada 89119 United States (702) 722-4584