I did something quite different last week. You see, I snuck all of my winning trades from 2020 into one short video.
You guys liked it! Since the response has been so great, I thought I’d hop back into the trading room for round two.
But this time, I'm sharing my top stock market predictions for 2021!
Kick off the new year right by hearing my five stock market predictions for 2021. While some of these are broad ideas, they will give you a better sense of direction and a basic understanding of where I see the market going in the new year.
My first stock market prediction for 2021 is that a consumer rebound and consumer-related stocks will lead the next major catalyst.
(And no, not the stretched-out market we’re witnessing right now. I’m talking about the real bull rally.)
How, might you ask?
American consumers make up more than two-thirds of economic activity. You see, retail sales accounts for over 70% of the GDP (gross domestic product), or the total market value of all the finished goods and services produced during a specific period of time.
With everyone now looking forward to the potential widespread distribution of COVID-19 vaccines, I think we’ll see a strong consumer rebound sometime during the beginning of the second or third quarter.
Before the end of the year, I predict consumer-related stocks are going to be the biggest catalyst for moving the market substantially higher. And of course, prove to the rest of the world that the U.S. has recovered from the coronavirus pandemic.
So again, you’ll want to keep a close eye on consumer sentiment, consumer-related stocks and, more importantly, retail sales.
And that’s just the first of my major stock market predictions for 2021...
If you’d like to hear all five, then check out today’s short video. I’d love to hear what you think, so be sure to leave your thoughts and comments in the section below. And happy New Year to all of my readers and supporters.