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Why We Are Bullish About Q4 Despite Recent Market Turbulence By StockNews

by Mike Robinson

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© Reuters. What We Think About Q4 in the Face of Market Turbulence

In this morning’s trade alert, I discussed why the overall environment for the S&P 500 (SPY) is improving despite the turbulent price action. The intermediate-term outlook is becoming more bullish, even though I expect a retest the previous lows. These are a significant change from the negative conditions that prevailed throughout the year for mid- and small-cap stocks. Our portfolio is currently enjoying nice gains because of strength in energy. But I think we’ll see more gains. In today’s commentary, I want to make my case for why Q4 will be so bullish. Read on below to find out more….This is an updated version of my weekly Commentary, published in the POWR growth newsletter on October 11, 2020.

Market Commentary

First, let’s review what happened in the past week:

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