Menu
Paul's Insights
Date: July 7, 2025
Paul Schatz, President, Heritage Capital

New Highs & New Lows

I hope everyone had a great long July 4th weekend!

This is a super quick update as I am trying to wrap up end of month, quarter and half year reconciliation.

One of the main complaints from the bears about the rally is that not enough stocks are hitting new highs. And they have been correct. That’s typical of year three in a bull market. However, the chart below shows a resurgence in new highs late last week. While it’s nowhere near the levels seen in 2024, it’s still not awful.

And before anyone asks, new lows (below) are buried near the 0 line at just 7.

Finally, I have been writing about small caps for several weeks, another complaint of the bears. The chart below has been powerful and fun, at least for the bulls.

Before I end, I will have comments on the tax and spending bill that was passed last week. Stand by please.

Author:

Paul Schatz, President, Heritage Capital

Read other posts by Paul

Learn More

Contact

  • 1 Bradley Road, Suite 202
    Woodbridge, Connecticut 06525
  • (203) 389-3553

About Us

The team at Heritage Capital has been helping people retire with confidence for over 30 years. We use active investment management and comprehensive financial planning to help you control your risks, so you can have a successful retirement no matter what happens with the markets or your world.
Learn More About Our Approach

Heritage Capital, LLC, "HC" is a state of Connecticut registered investment adviser located in Woodbridge CT. HC and its representatives are in compliance with the current filing requirements imposed upon state-registered investment advisors by those states in which HC maintains clients.

HC may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. HC's web site is limited to the dissemination of general information pertaining to its investment advisory services. Accordingly, the publication of the HC's web site on the Internet should not be construed by any consumer and/or prospective client as HC's solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by HC with a prospective client, shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of HC, please contact the SEC and/or the state securities law administrators for those states in which HC maintains a notice filing.

A copy of HC's current written disclosure statement discussing HC's business operations, services, and fees is available from HC upon written request. HC does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to HC's web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Copyright 2025, Heritage Capital, LLC. All rights reserved.