Get all your news in one place.
100’s of premium titles.
One app.
Start reading
StockNews.com
StockNews.com
Business
Steve Reitmeister

#1 Investment for 2023 Revealed

Right now its October 2022 as I write about my favorite pick for 2023. And right now I am extremely bearish on the short term outlook expecting stocks to find bottom between 2,800 to 3,200 by early 2023.

But then things become glorious for the bulls.

Because from that darkest hour stocks will rise with gusto. We are truly talking about the “phoenix rising from the ashes” which is how all new bull markets begin.

In fact, going all the way back to 1900, the average first year gain for new bull markets is +46.2%.

Now consider that small caps generally rise 20% more than large caps in the S&P 500 (SPY).

Now consider that using 3X leverage in this small cap ETF could easily lead to first year returns north of 100%.

Now you understand why I am pounding the table on buying this 3X ETF focused on small cap stocks for 2023. I am referring to Direxion Small Cap Bull 3X ETF (TNA)

This sounds great except for one thing….WHEN do you buy it?

If you buy too early, and the market is still racing lower, you will have tremendous losses on your hands. So I caution against just blindly buying it without some consideration for determining market bottom.

Again, right now it is October 2022. So this is an evolving story that needs vigilant watch on all the key indicators like employment, earnings, inflation, Fed rates and price action. That is the only way to determine when it may be time to enact this TNA trade.

If you would like some help with timing the market bottom, and when to buy into this TNA trade,  then please sign up to get my free market commentary. Not only do I provide constant updates on the market outlook, but also timely trading strategy and top picks.

Click here to get free market updates from Steve Reitmeister

Wishing you a world of investment success!

Editor of Reitmeister Total Return


TNA shares were trading at $30.55 per share on Friday morning, down $1.26 (-3.96%). Year-to-date, TNA has declined -63.95%, versus a -23.08% rise in the benchmark S&P 500 index during the same period.



About the Author: Steve Reitmeister


Steve is better known to the StockNews audience as “Reity”. Not only is he the CEO of the firm, but he also shares his 40 years of investment experience in the Reitmeister Total Return portfolio. Learn more about Reity’s background, along with links to his most recent articles and stock picks.

More...

#1 Investment for 2023 Revealed StockNews.com
The post appeared first on
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.