Is the Bull Market Over?

Is the Bull Market Over?

After a surge in bullish investor sentiment throughout 2024, we’ve seen fear return to the markets.

And I couldn’t be any happier…

I’ll tell you why in a moment. But here’s what’s behind the volatility we’re seeing right now.

On Wednesday, Federal Reserve Chairman Jay Powell threw cold water on the bulls when he scaled back the number of rate cuts he expects to make next year.

Throw in the threat of a government shutdown, and it was enough to spark panic on Wall Street.

Wednesday saw the Dow drop 2.6%, the S&P 500 fell 3%, and the Nasdaq and Russell 2000 were down 3.6% and 4.5%, respectively.

We also saw gold and silver drop 2.3% and 3.9%. And bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have been taking it on the chin as they dropped 5.6%, 6.9% and 7.5%, respectively.

So is the bull market over?

I am sure your inboxes will be overflowing with bearish missives about the coming bear market sure to rip your wealth to shreds.

And they’re not wrong.

Eventually, they’ll be 100% correct… But how much higher will the market have gone up between now and their forecasts of financial armageddon come true?

Friends, it takes no skill to be bearish.

It's the easiest thing in the world to do because eventually, time will prove you right. However, it's very difficult to be bearish at the right time.

I remember in January 2018 when I suggested to my readers it was time to lock in an 11,000% profit on Ethereum.

The howls of protest I received were near universal. And yet, those who listened to me managed to sidestep as much as a 92% drop in ETH.

There will be a time to be bearish. But it's not now. It’s easy to confuse a pullback with a change in trend.

Hear me when I tell you the larger macro trend is still bullish.

Just like in 2020 when the stock market (measured by the S&P 500) collapsed as much as 36% at the outbreak of COVID and bitcoin dropped 50%, I told you to ignore the bears and stay long.

Those who listened to me saw the S&P 500 rise as much as 2x off the lows and have watched their bitcoin holdings increase almost 27x in value from the March 2020 low.

Today, I’ll go over how I see this volatility playing out… What to do… And most importantly, what not to do.

The Market Is Being Told to Sober Up