How We Made 250% Profits Since the Election
We don’t often like looking backward to say “told you so” when predicting market outcomes correctly. We are always focused on making our subscribers and readers’ profits in the future.
However, we have been saying for the last couple of months (ex. These 2 Stocks Have Profited After Every Election Since 1960) that there were certain stock market opportunities to take advantage of the election outcome.
Just from that article alone, the profits from trading those options that investors could’ve enjoyed alongside us were:
Materials Select Sector SPDR Fund (NYSEARCA:XLB): 177% profits.
Industrial Select Sector SPDR Fund (NYSEARCA:XLI): 120% profits.
Those were directional, limited risk trades that hit profit targets in a mere couple of days…
The market has a lack of concern regarding political fallout. Investors see unlimited upside on the back of the Pfizer Inc. (NYSE:PFE) vaccine news and future stimuli hope.
We haven’t seen this level of market bullishness across the board since January. Consumer, chip, and even travel stocks are catching bids.
Watch the full interview to see where the profits have been made and where the future upside lie.
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Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.
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