TradeSmith Daily

July 2024

Why the Market Will Keep Surprising Everyone but Us

July 4, 2024TradeSmith Research Team

Note from Michael Salvatore, Editor, TradeSmith Daily: Happy Independence Day from everyone here at TradeSmith! Markets may be closed today, but the team is staying busy finding new ways to help you make money. Check out the latest evidence-rich signal study from contributing editor Lucas Downey below to learn why the second half of 2024 should be another big “surprise” for the crowd… Enjoy your holiday, and tune in tomorrow for an essential piece of trading education from our CEO, Keith

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History Was Right on TSLA

July 3, 2024Michael Salvatore

We told you TSLA was a buy on April 24… Here’s what happened next… Three one-month breakouts in quality names to keep an eye on… A record low in stock-picking performance… The biggest risk in AI is standing still… There was a period early this year where Tesla (TSLA) was the stock market’s punching bag. It was swirling the narrative drain, caught up in a mess of negative mainstream media attention. As we pointed out on April 24: Cybertruck recalls… Price

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Your Portfolio “Dogs” Are Set to Start Running

July 2, 2024TradeSmith Research Team

Last month we shared an important fact about the market… Most stocks are underperforming at a rate last seen in 2008. It’s an alarming statistic on the surface. However, we proved how massive relative underperformance tends to forecast market-beating returns. Whenever the equal-weight S&P 500 trails the regular, cap-weighted S&P by a similar magnitude as today, you should prepare for a catch-up trade for the average stock. I firmly believe that right now represents one of the best stock-picking environments in years,

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If Biden Drops Out, Do This

July 1, 2024Michael Salvatore

Betting odds of a Trump win are surging… The market’s history agrees… How Democrats could “break the glass”… Another “betting odds” shakeup on inflation data… The latest Big Money Buys and Sells… Don’t get caught flat-footed in the next bust…

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