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1 Top pick for the stock market of 2023

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40-year investment veteran Steve Reitmeister shares his #1 investment for 2023 that should easily surpass the S&P 500 (SPY). However, the timing WHEN you get into this trade is the real battle. Read on below for the full story.


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

But then it becomes glorious for the bulls.

Because from that darkest hour, stocks will soar. We are really talking about the “phoenix rises from the ashesThis is how all new bull markets begin.

In fact, all the way back to 1900, the average first year gain for new bull markets is +46.2%.

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

Now consider that using 3X leverage in this small cap ETF can easily lead to first year returns of over 100%.

Now you understand why I’m pounding the table buying this 3X ETF targeting small-cap stocks for 2023. I’m referring to Direxion Small Cap Bull 3X ETF (TNA)

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

If you buy too early, and the market is still racing lower, you will have huge losses. So I warn against buying it blindly without any attention to determining the market bottom.

Again, it is now October 2022. So this is an evolving story that needs to be vigilant on all key indicators such as employment, earnings, inflation, Fed rates and price action. That is the only way to determine when it is time to execute this TNA trade.

If you want help timing the market bottom and when to buy this TNA trade, sign up to get my free market commentary. Not only do I provide constant updates on the market outlook, but also timely trading strategy and top picks.

Click here for free market updates from Steve Reitmeister

I wish you a world of investment success!


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

Editor of Reitmeister Total return


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


About the author: Steve Reitmeister

Steve is better known to the StockNews public as “Reity”. Not only is he the CEO of the company, but he also shares his 40 years of investment experience in the Reitmeister Total Return Portfolio. Learn more about Reity’s background, along with links to his most recent articles and stock selection.

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The mail 1 Top pick for the stock market of 2023 appeared first on StockNews.com

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