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| The incredible year for Steve Sjuggerud's True Wealth China Opportunitiessubscribers continues... Regular DailyWealth readers know Steve made a bold call last summer. In short, despite years of dismal performance – and widespread fear of economic collapse – Steve said Chinese stocks were a "buy" again. At the time, Steve noted that Chinese stocks met his three favorite investment criteria: They were cheap, hated, and just starting an uptrend. Better yet, he had identified four major catalysts – including the recent groundbreaking decision by index provider MSCI – that could drive Chinese stocks higher for years to come. It wasn't a popular call... Most of our readers have no interest in buying foreign stocks, let alone shares in "communist" China. But for those bold enough to take Steve's advice, the results have been nothing less than incredible. Of the 22 open recommendations in the True Wealth China Opportunities portfolio, EVERY SINGLE ONE is up, as of Thursday's close. The portfolio features 19 double-digit winners, including gains of 74%, 55%, 50%, and 48%. All told, these stocks are up an average of 26%. This isn't "cherry-picking." That's the entire portfolio. But Steve believes these gains are just the beginning... Plenty of upside remains, and he expects subscribers will see total returns of hundreds of percent over the next several years. Congrats to Steve and his True Wealth China Opportunities subscribers on another great call. Of course, Steve remains incredibly bullish on U.S. stocks as well. Longtime readers know Steve was among the first analysts anywhere to turn bullish on stocks back in early 2009. And he has remained bullish for the past eight years. Time and again, he reassured readers to stay long – the bull market wasn't over yet. Today, despite fears that stocks are too expensive and the bull market is getting "long in the tooth," Steve continues to believe more upside remains. Why? Because he's still not seeing the telltale signs that accompany a major top... As he explained in DailyWealth last month, he knows we're getting close to a top when a huge crowd gathers after he gives a speech. In fact, Steve recalled one time when the questions continued as he made his way into the restroom. However, as Steve noted, he didn't receive that type of response after he spoke at the Sprott Natural Resources Symposium in Vancouver a couple weeks ago. Regular readers know all about Steve's "Melt Up" thesis... That's what he talked about at the conference this year. He noted that the tech-heavy Nasdaq Composite Index doubled during the final year of the last Melt Up... and that most of those gains really happened in its last five months. Steve said we could see a similar type of Melt Up this time around. And yet... nobody cared. Instead of dozens of questions, Steve said he got "crickets." The response blew his mind. More than eight years into the current bull market, people still aren't interested in U.S. stocks yet. Because of that, Steve noted that there's still plenty of upside left. ----------Recommended Link---------
While most folks still don't believe a Melt Up is possible (let alone likely), we're starting to see some notable exceptions... In late June, for example, one of the biggest names on Wall Street highlighted Steve's research at a private investment conference. Unfortunately, we're not at liberty to share the details publicly. But we can say you would certainly know his name... He's one of the most respected credit analysts in the world today. A few weeks ago, live on financial television, well-known institutional investor David Tice called Steve "brilliant" and said he has been following his Melt Up work closely. (You can see the clip for yourself right here. The reference begins a little after the 2:00 mark.) And recently, veteran market strategist Ed Yardeni echoed Steve's bullish call... even borrowing his terminology. As financial-news network CNBC reported last weekend...
We wouldn't be surprised to see stocks pull back in the near term... We're long overdue for a correction... And history suggests we should expect more volatility as the Melt Up continues. But there's no guarantee that we'll see one just yet. In fact, one rare signal suggests the next leg higher in the Melt Up could be about to begin... As Brett Eversole discussed Monday, the Nasdaq index – the leader during the last Melt Up – moved higher for 10 straight trading days. He noted that even during a strong bull market, stocks usually have plenty of down days. So the recent string of up days is unusual. And Brett says it's worth paying attention to... Since 1971, buying after the Nasdaq jumps 10 days in a row has led to average gains of an incredible 15% in three months. Our advice remains the same: Stay long stocks, but be sure to keep a close eye on your trailing stops. In the meantime, if you're not already reading Steve's True Wealth Melt Up research, you owe it to yourself to learn more. For just $99 – less than $0.30 per day – you can get immediate access to one full year of True Wealth, including Steve's complete Melt Up "blueprint." And as usual, it comes with our 30-day, 100% risk-free guarantee. Click here to sign up now. Regards, Justin Brill Editor's note: We're in the middle of one of the greatest bull markets ever. Steve believes the Dow could soar to 50,000 – or higher – before it ends. Impossible? Steve says it's not only possible, it's likely already underway. He put together a short presentation explaining it all... including how you can profit from the Melt Up and safely get out before the bear market begins. Watch it here. |
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