The S&P 500 Gains Momentum as Small and Mid Caps Struggle
The S&P 500 (SPY) continues to surge in 2023, with the index set to reach a new peak of 5,000. However, while the overall market is thriving, small and mid-cap stocks are lagging behind. Renowned investor Steve Reitmeister, with 43 years of experience, provides valuable insights on this matter and shares his top 13 trades.
Reaching 5,000: A Tipping Point for the S&P 500?
The S&P 500 (SPY) surpassing the 5,000 mark is a significant milestone that cannot be ignored. While this accomplishment seems inevitable given its current performance, the key question is what comes next once this threshold is crossed. Steve Reitmeister offers his insights on this important matter.
The Role of the Fed Meeting in Shaping the Market
Investors are eagerly awaiting the outcome of the upcoming Federal Reserve meeting to see how it will impact the market. Steve Reitmeister analyzes the potential consequences of this meeting and its implications for future market trends.
Economic Reports to Watch Beyond the Fed Meeting
In addition to the Fed meeting, there are several crucial economic reports to monitor. These include the ISM Manufacturing on 2/1, Government Employment Situation on 2/2, ISM Services on 2/5, and CPI & PPI on 2/13 and 2/16, respectively. Steve Reitmeister explains the significance of these reports and how they can influence investor sentiment.
Trading Strategy and Top Picks
While the long-term outlook remains bullish, Steve Reitmeister suggests that investors review their positions and consider taking profits on overinflated stocks that may face significant profit-taking pressure once the S&P 500 (SPY) reaches 5,000. It is important to note that this is not a recommendation to sell off all stocks but an opportunity to refine portfolios and focus on small and mid-cap growth stocks that offer value. Steve Reitmeister shares his top stock picks for the next phase of the bull market.
Steve Reitmeister’s Trading Plan & Top Picks
For those interested in exploring Steve Reitmeister’s trading plan and top picks, he invites readers to delve into his portfolio of 12 stocks. This portfolio incorporates the exclusive POWR Ratings model, which has outperformed the S&P 500 by nearly 4 times since 1999. Steve Reitmeister highlights the inclusion of 5 under-the-radar small-cap stocks with significant upside potential, as well as 1 special ETF positioned to outpace the market in the coming weeks and months. With his 43 years of experience, Reitmeister offers insights based on navigating various market conditions.
About the Author: Steve Reitmeister
Steve Reitmeister, also known as “Reity,” is the CEO of StockNews.com. With 40 years of investment experience, he shares his insights and stock picks through the Reitmeister Total Return portfolio. Readers can learn more about Steve Reitmeister’s background and explore his recent articles and stock picks.
Analyst comment
1. Positive news. The S&P 500 gaining momentum is positive, but the struggle of small and mid-cap stocks raises concerns about market stability.
Market prediction: The S&P 500 will continue to rise, but there may be increased volatility and potential for a correction in small and mid-cap stocks.
2. Positive news. Reaching 5,000 is seen as a significant milestone for the S&P 500.
Market prediction: The market will experience a boost in confidence and potentially attract more investors, leading to further growth.
3. Neutral news. The upcoming Fed meeting’s impact on the market is uncertain.
Market prediction: The market may experience volatility depending on the outcomes of the Fed meeting, with a potential for upward or downward trends.
4. Neutral news. Key economic reports may influence investor sentiment.
Market prediction: The market may react depending on the results of the economic reports, but the overall trajectory is uncertain.
5. Neutral news. Steve Reitmeister suggests reviewing positions and focusing on small and mid-cap growth stocks.
Market prediction: Investors may consider adjusting portfolios and seeking value in small and mid-cap stocks, but the impact on the overall market is uncertain.
6. Positive news. Steve Reitmeister offers his trading plan and top picks based on his experience.
Market prediction: Investors may be interested in exploring Steve Reitmeister’s portfolio for potential investment opportunities.
