It has now been a year since stocks hit a new all-time high.
Hard to believe, but for all the gyrations and Central Bank interventions, the S&P 500 remains well below it all time high of 2130 established May 21 2015.
Why does this matter?
Because it greatly increases the odds of stocks entering a bear market.
As Jeff Hirsch noted late last week, going back to 1929, there were thirteen times that stocks failed to hit a new all-time high for a period of 12 months.
Of those 13, TEN TIMES (76%) stocks entered a bear market collapse of 20% or greater before beginning a major leg up to new highs.
H/T Almanac Trader
This would mean the S&P 500 falling to 1,640 or even lower.
On that note, we are already preparing our clients for this with a 21-page investment report titled Stock Market Crash Survival Guide.
In it, we outline precisely how the crash will unfold as well as which investments will perform best during a stock market crash.
We are giving away just 1,000 copies for FREE to the public.
To pick up yours, swing by:
https://www.phoenixcapitalmarketing.com/stockmarketcrash.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
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