1 Top Pick for 2023 Stock Market

40-year investment veteran Steve Reitmeister shares his #1 investment for 2023, which should easily outperform the S&P 500 (SPY). However, the timing of WHEN to enter this trade is the real battle. Read below for the full story.

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Right now it’s mid-October 2022 as I write about my favorite picks for 2023. And right now, I’m extremely bearish on the near-term outlook and expect stocks to bottom out between 2,800 and 3,200 by early 2023.

But then things get glorious for the cops.

Because from this darkest hour, stocks will rise with gusto. We’re really talking about the”Phoenix rising from the ashes“This is how all new bull markets start.

In fact, the average first-year gain for new bull markets since 1900 is +46.2%.

Now consider that small caps in the S&P 500 (SPY) are generally up 20% more than large caps.

Now consider that using 3x leverage in this small-cap ETF could easily result in returns of over 100% in the first year.

Now you understand why I’m banging the table on buying this 3X ETF focused on small-cap stocks for 2023. I refer to that Direxion Small Cap Bull 3X ETF (TNA)

That sounds great except for one thing….WHEN do you buy it?

If you buy too early and the market is still racing down, you will incur huge losses. Therefore, I caution against simply buying it blindly, with no regard for determining the bottom of the market.

Again, it is now October 2022. So this is an evolving story that will require close monitoring of all key indicators such as employment, earnings, inflation, Fed rates and price action. It’s the only way to determine when it’s time to do that TNA trade.

If you need some help timing the bottom of the market and when to buy into this TNA trade, please sign up to receive my free market commentary. Not only do I provide constant updates on the market outlook, but also timely trading strategies and top picks.

Click here to receive free market updates from Steve Reitmeister

I wish you a world of investment success!

Steve Reitmeister…but everyone calls me Reity (pronounced “Righty”)
CEO, StockNews.com

Publisher of Reitmeister Total Return

TNA shares traded at $32.02 per share on Wednesday morning, down $1.18 (-3.55%). Year-to-date, TNA is down -62.22% versus a -21.08% gain in the benchmark S&P 500 index over the same period.

About the Author: Steve Reitmeister

Steve is better known to StockNews audiences as “Reity.” As well as being the company’s CEO, he brings 40 years of investment experience to the Reitmeister Total Return portfolio. Learn more about Reity’s background, along with links to his latest articles and stock picks.


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