TradeSmith Daily

August 2024

The Only AI Killer App Worth Talking About

August 2, 2024Michael Salvatore

The stomach-turning reality of AI “friends”… AI’s true killer app you need to focus on… Gold and silver quietly rally faster than stocks… Why that’s a market buy signal… The tech stocks on a win streak and what happens next… The expiration date of the bull market is well known… What you need to watch… A special conversation airing tomorrow afternoon… ❖ This might not be on your radar, but it sure caught my attention… Scrolling my X feed on

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Buy the Small-Cap Dip in These 3 Sectors

August 3, 2024Michael Salvatore

We’ve been banging the gong about small caps all year in TradeSmith Daily. Up until two weeks ago, we probably looked a little crazy doing it. The seasonal tailwinds. The valuation. The political climate – volatile as that itself has been… All the factors were in place – except for one big one: The Federal Reserve is later than even we expected on rate cuts. But now that they’re finally talking about it – we have that last piece of the

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A Warning From Porter Stansberry

August 4, 2024TradeSmith Research Team

Note from Ashley Cassell, Managing Editor, TradeSmith Daily: Today we’re going to do something different and let you hear directly from the CEO of our parent company MarketWise: Porter Stansberry. Porter believes we may have already seen a peak in stock prices – and that most investors simply won’t realize it until it’s too late. But we at TradeSmith are well prepared for such a scenario. Our battle-tested algorithms help you quickly understand if what we’re seeing is a correction or the

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The Recession Is On

August 5, 2024Michael Salvatore

The “Sahm Rule” activates… The Fed may have moved too slow (again)… What stocks do after a recessionary rate cut… The AI hardware kingslayer starts with a “T”… The latest Quantum Edge hotlist delivers a small-cap buy list… When you should consider smashing the “sell” button… ❖ A bona fide recession signal just hit… On Friday, economists finally got to wipe some of the egg off their face. For much of the past three years, their calls of “recession!” have

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The “Volatility Shelters” Set to Massively Outperform

August 6, 2024TradeSmith Research Team

Fear is gripping the market right now. First, a soft jobs report hit on Friday, showing U.S. unemployment ticked up to 4.3%… Then, over the weekend, global currency traders aggressively unwound their Japanese yen trades… Many are worried that this new weaker trend is forecasting doom and gloom for the economy. Not to mention that Iran and Hezbollah might both be on the verge of attacking Israel. Seeing all this, traders are selling stocks with abandon. Apple (AAPL), in particular,

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So, You Want to Buy the Dip

August 7, 2024Michael Salvatore

The weekend blowup, explained… Most sectors are still healthy, but these stand out… A three-layered process for optimizing “buy the dip”… How long to hold your trade… The best sector to buy… The best stock in that sector… And one potential reason why… ❖ The weekend blowup, explained… In describing Monday’s open, we might be inclined to use our most colorful of four-letter words. The selling seemed to come as if from nowhere. A week ago, the S&P 500 was

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Don’t Make the Mistake of Not Buying Stocks

August 8, 2024TradeSmith Research Team

I’ll be straightforward today… If you’re not buying this dip, you’re making a big mistake. Over the last handful of days, pundits strived to convince you the financial world has turned upside down. Recession callers came out in full force. And traders hit the panic button. Yields are plummeting. Stocks are dropping. Major currencies are gyrating. It sure looks like “the big one” to a casual observer. Do yourself a favor and don’t fall for it. What’s really taking shape

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Is It Different This Time?

August 9, 2024TradeSmith Research Team

Recession or not, we’re in a volatile stretch… Don’t miss the big picture… Seasonal stock shorts to take from now through November… Checking in on sector health… Why breakout stocks are a godsend right now… We’re not out of the woods yet… When market moves are especially dramatic, as they’ve been this past week, it can be easy to fall into a common cognitive trap. The losses were so severe one day, and the recovery so strong the next, we

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