Breakout for Stocks or Fake Out?

Once again stocks flirted with the all time highs for the S&P 500 (SPY). This has happened 2 times recent both leading to failure and this 3rd time doesn’t seem to be the charm either. What is holding stocks back from making new highs? And what should an investor do to find better performance? 43 year investment veteran Steve Reitmeister shares his view including a preview of his 11 favorite stock picks now. Read on below for the answers.

In my recent commentaries I have speculated that we were due for a trading range to digest some of the rampant gains at the end of 2023.

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