MDM has switched to a BUY signal. Both the NASDAQ Composite and S&P 500 are at or near new all-time highs as they look to resume their uptrends despite a somewhat hawkish Fed. The US Federal Reserve continues to print to honor various expenses such as interest of record levels of debt which exceeds the annual defense spending budget. Total debt stands at more than $34 T. This trend is likely to accelerate even without a black swan. As debt increases, so do the interest payments. The Fed's hand is forced to keep rates higher for longer until inflation gets closer to their 2% mandate.
The Fed will issue $10 trillion in new debt this year which is likely to push markets higher. Will US credit continue to hold up? More fiat creation via QE is likely.
Suggested ETFs (Note: Many members buy the standard ETFs or their preferred ETFs. This list serves as a guide as to which ETFs we think may outperform, but the key point is to be on the right side of the market regardless of which ETF or ETFs one chooses.)
1-times
SPY (S&P 500)
QQQ (NASDAQ-100)
2-times
SSO (S&P 500)
QLD (NASDAQ-100)
3-times
UPRO (S&P 500)
TQQQ (NASDAQ-100)
TECL (Direxion Trust Technology)
NOTE: This is a suggested list. Investors may wish to become acquainted with the full range of available ETFs, and should make an effort to understand how these ETFs are created and what their components are, as well as being aware of the downside risks involved, especially with leveraged ETFs. Certain ETFs may be more appropriate depending on one's risk tolerance levels. Typing in keyword 'ETF' into the FAQ keyword search bar or going here https://www.virtueofselfishinvesting.com/faqs/search?p=1&q=etf and visiting this site https://etfdb.com/ can be instructive.