We’ve had a lot thrown at us the past two years or so.
I mean, we’ve seen everything from a global pandemic and supply chain bottlenecks to U.S. inflation levels at 40-year highs. Meanwhile, Russia President Vladimir Putin decided he wanted to invade Ukraine in late February…
Which begs the question… Where do we go from here?
And you know what? I’m bullish.
In this video, I explain why I’m bullish on stocks right now… what sector we all should be looking at for a BIG rebound… and the top 3 consumer discretionary companies on my watchlist.
Why I’m Bullish on Stocks Right Now
The SPDR Dow Jones Industrial Average ETF Trust (NYSEArca: DIA), an ETF that tracks the Dow, is trading below its 200-day moving average…
But if you look at the chart below, you’ll notice that DIA’s all-time high is around the $369 level.
A lot of folks are talking about being in a bear market. But we’re only down about 9% from that all-time high, so we’re still well within correction territory.
For those of you who don’t already know, a typical bear market is defined as a 20% drop from a recent all-time high over a sustained stretch of time, usually about two months or so.
So it should be rather easy to see why I’m bullish on stocks right now…
While the DIA is trading below its 200-day MA, it’s been choppy since the beginning of this year.
That’s why I think we’re just in a period of uncertainty at the moment, which makes a lot of sense because it would be odd for the market to be trending strong in light of everything that’s been chucked our way as of late.
Check out my short video to learn more about why I’m bullish on stocks right now. I’ll show you the major catalyst I think will push stocks to rebound and the top consumer discretionary stocks to target as a result.
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video, and see what other trade opportunities we’re paying close attention to!
P.S. Many traders have no clue, but governing bodies are sending major shockwaves through the markets that typically set off a domino effect…
And according to Chuck Hughes’ research… a handful of stocks are set to take off as a direct result!
But it’s probably not the stocks you’re thinking of right now…
We’re talking about a whole new market cycle… new stocks… and new trends.
Click here to see the most convincing market signal of Chuck’s lifetime.
