by Adam Galas
Americans are now cutting back on spending and evidence for the upcoming recession is substantial.
This means that economic growth and S&P 500 earnings growth is not looking good for 2024…
Assuming no recession, stocks will likely be flat, but there’s a strong chance we won’t see a continued bull market rally well into 2024.
Pacer Cash Cows US 100 ETF (COWZ)
It finds the best quality companies trading at the best prices.
this ETF is trading at 6.5 times cash-adjusted earnings while the S&P is trading at 13 times.
That’s a 50% discount to the market for world-class quality companies.
COWZ is priced for -4% long-term growth while it’s growing at 16% annually.
Source: Wide Moat Research
https://tradesoftheday.com/2023/12/14/w ... -take-off/
