it’s already happening..
and the consequences will be massive.
So right as many investors were just starting to feel a little bit better about their stocks as they’ve been steadily recovering throughout the summer. The floor yet again gets yanked out underneath us as the markets go tumbling back down with both the Nasdaq and the S&P 500 now closing below their June lows last week.
But interestingly enough if you look just a bit closer, many of our favorite growth stocks are still significantly higher than their bear markets lows..
TSLA at $254 vs. $209 on May 24th (21% gain)
PLTR at $8.56 vs $6.71 on May 11th (28% gain)
HIMS at $5.78 vs $3.11 on May 11th (85% gain)
Which is a very good sign as often during bear markets the fastest growing, strongest, and most resilient companies tend to bottom many months before the actual market as a whole bottoms. So hopefully this gives you some perspective so that you can stay relaxed while most retail investors continue to panic again.
And always remember,
“The stock market is a device for transferring money from the impatient to the patient.”
With that being said, we have a TON of fast approaching catalysts, critical data points, and valuable insights to get into today, so let’s not waste anymore time and let’s get straight into the really good stuff!
As always you can read the full post, directly on Patreon: