♟ Why Haven't We Entered a Recession? Two Words...

Even the Fed's rate hikes can't stop this phenomenon! ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

View in browser "How can the major market averages blast to new highs... at a time when housing is in the dumps? The answer is actually quite simple." Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance As the major market averages climb a wall of worry... I've been getting the same question a lot lately. Why haven't we entered a recession yet? It's a fair question. After all, pending home sales (the number of signed contracts on existing homes) just dropped 1.5% from September to October. That decline took this metric down to its lowest level since the National Association of Realtors began tracking it in 2001... Which means pending home sales are worse right now than they were during the financial crisis over a decade ago. On top of that, sales are down 8.5% since October of last year. It's easy to understand why housing demand has hit rock bottom. When the average 30-year fixed mortgage rate in the U.S. briefly moved above 8% in October, pending sales fell from September's figures in every region but the Northeast. And compared with where they were a year ago, sales are down in every geographic location. But here's the odd part... 6,570% vs. 491%! Over the last 20 years… one approach to the markets dominated in historical testing. It produced a 6,570% gain vs. just 491% for the S&P 500. Claim Your Spot in Alex Green's FREE Training Here Revealing This Portfolio in Full. Despite it all, the major market averages rallied in November. The Dow Jones Industrial Average hit a new high for the year today... And it closed out November with an 8% gain. The S&P 500 also closed November up more than 8%. And the Nasdaq popped 10%! When the calendar flipped over to December, November 2023 went down as the best market month since October 2022. So... what gives? How can the major market averages blast to new highs... at a time when housing is in the dumps? YOUR ACTION PLAN There are many reasons we're not in a recession - many of which revolve around the resiliency of the U.S. consumer and low unemployment rates. But my answer for you today is much simpler. It's all explained in the YouTube video short below. Check it out! P.S. If you want to start following along with me while I trade, I invite you to join me in The War Room. Over the past two days, I closed three double-digit winners, including a 63% winner on Carvana (CVNA) in less than 24 hours, a 40% winner on Foot Locker (FL) in less than 24 hours and a 76% winner on Pure Storage (PSTG) in one day. Don't miss the next overnight winner! Click here to join me in The War Room. I Call Them "100-Percenters" "100-percenters" are dividend stocks that raise their dividends so high and so fast that they can ultimately deliver annual payouts as big as - or bigger than - the amount of cash you started with. In other words, if you had put in $1,000... you could've collected $1,000 in dividends per year. If you had put in $10,000... you would've collected $10,000 per year! Click Here to See How It Works FUN FACT FRIDAY It takes about one hour for a snowflake to reach the ground. INSIGHTS YOU MAY HAVE MISSED The Fed Is S#!T for Your Portfolio Market Rally Sweet Spot A Bullish Pattern on This EV Stock This Dip Is a Massive Gift! Follow Us on Instagram! FACEBOOK X/TWITTER   Monument Traders Alliance, LLC   You are receiving this email because you subscribed to Trade of the Day. To unsubscribe from Trade of the Day, click here. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. 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