Hey, Ross here:
As expected, the Fed held rates steady yesterday, with Powell taking the usual “wait-and-see” approach during his press conference.
Surprisingly, markets managed to close slightly higher despite the press conference usually triggering a bit of a selloff.
Now, I don’t expect a straight-shot recovery from here.
But as today’s chart shows, there is a clear classic bullish pattern forming.
Chart of the Day
This is a classic bull flag pattern forming in the Nasdaq.
We’re also seeing the same pattern in the S&P 500 and the other indexes.
Should the pattern continue as expected, we should see the market shoot higher from here.
Again, there are no guarantees in the market.
But these classic chart patterns are based on decades of price action…
And this chart pattern is telling me that the market will likely continue to be bullish.
Don’t stay on the sidelines.
Insight of the Day
Without uncertainty there is no opportunity.
Don’t get me wrong…
Despite the bullish odds, uncertainty will absolutely remain high for the month.
President Trump is a known wild card and keeping his opponents on their toes is part of his strategy.
So even though there are hints of big trade deals coming down the pipeline, nothing is certain and things could flip in an instant.
But it’s critical to remember that without uncertainty there can be no opportunity.
And that means if you sit out during times of uncertainty…
The only thing that’s certain is that you will miss the most lucrative windows of opportunity.
And one of the biggest opportunities I’m seeing right now is in AI microcap stocks.
Sure, AI stocks have taken a bit of a back seat in the headlines amid all the tariff uncertainty.
But make no mistake, the AI trend is only accelerating…
And these are the types of AI stocks I believe could surge the most in the coming recovery.
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