Thinking About Switching Financial Advisors? Here’s What To Know
Changing financial advisors can feel like a major decision, especially when you’re nearing retirement or managing significant assets. Ending one advisory relationship to start another may seem overwhelming. However, if your needs have evolved or you’re not receiving the guidance and services you expect, it’s probably time to consider a new path. At Heritage Capital, we understand how personal this decision is—and how important it is to get it right. Our team has decades of experience in Connecticut financial planning, […]
Read More
Date: June 30, 2025
ALL-TIME HIGHS – Let That Sink In
I think this is going to be a quick update as I am grinding on end of month and quarter portfolio work. Almost three months ago as the global markets plunged into the abyss and the masses were screaming about geopolitics and a repeat of 2008, I shared that our studies were 80% in favor of new highs late this year or Q1 2026. And I was almost the lone wolf in that regard. Pervasive chatter about Armageddon was abound. […]
Read More
Date: June 27, 2025
Oil Plunging, Stocks Surging – Exactly What The Pundits Did Not Want
As I wrote about on Monday, there was all kinds of hysteria over the weekend about stocks crashing and oil spiking. Some newly minted experts even said the US would be in recession “within days”. A funny thing happened on the way to a 2008 redux, the markets did the exact opposite. Look at crude oil below on the far right. From $78 to $64 to just two days. An awful lot of dumb money poured into oil right before […]
Read More
Date: June 25, 2025
Calls (or hopes) For Stock Market Crashes Have Been Wildly Exaggerated – Again
It’s another geopolitical Monday. And as usual, we have all these newly minted pundits and experts on the Middle East. Also, as usual we have the masses already embarrassingly wrong. The nonsense I read being bandied about over the weekend was beyond laughable. Calls for a global stock market crash with oil spiking $50 were patently idiotic. I think some folks literally sit around hoping and praying for global demise. Early Sunday evening, pre-market action showed stocks being down roughly […]
Read More
Date: June 23, 2025
Downside Set Up & Small Caps
It has been a quiet week for stocks, but you would have concluded that had you listened to all of newly minted geopolitical experts calling for WWIII, oil to $150 and risk assets crashing. Once again, managing money by using global events is a fool’s errand, not that those events won’t impact. It’s just that the world is always, always, always a volatile place. Iran, Russia, China, Gaza, COVID. There is always something. When investors make emotional decisions based on […]
Read More
Date: June 20, 2025
***Special Fed Meeting Update – Still Asleep And Fighting Wrong Battle***
It’s FOMC (Fed) day. The stock market model calls for plus or minus 0.50% until 2pm and then a rally. The likelihood of success has risen because of the recent weakness. And there is also a potential set up for weakness depending on how stocks react. Jay Powell and the FOMC should reduce interest rates by 1/4%. I said the same thing in March as well as May. Just like they were embarrassingly wrong in waiting to hike rates when […]
Read More
Date: June 18, 2025
Stocks Still On Track For All-Time Highs
Greetings from 35,000! A quick trip to Gainesville, FL and Athens, GA. I hope everyone had a great Father’s Day weekend. Mine was full of family, golf and well, more golf. The U.S. Open was one of the best finishes ever with so many pros experiencing despair amidst a few small pockets of jubilation. For most of the tournament I never thought JJ Spaun would even finish in the top 10. And poor Sam Burns. Hard to come back from […]
Read More
Date: June 16, 2025
Interest Rates & Your Investments: What To Watch Now
Rising and falling interest rates can affect more than just mortgage payments or savings yields—they can influence the entire structure of your investment portfolio. For high-net-worth individuals, these shifts carry even greater weight. With larger, more complex portfolios, even modest changes in rates can impact long-term outcomes. At Heritage Capital, we have a deep understanding of the markets and interest rate fluctuations, and we’ve spent over 30 years providing financial planning for high-net-worth individuals. Our founder and Chief Investment Officer, […]
Read More
Date: June 16, 2025
Market Needed An Excuse To Pull Back – Israel Provided It
I have recently written about the stock market rallying very far and very fast. A pullback was due. The Volatility Index (VIX) was one clue that some weakness was imminent as it was up the past two days without stocks being down. You may have to squint, but look at the far right side of the chart below to see what I mean. With Israel attacking Iran on Thursday night, the excuse for lower prices came. A 2-4% pullback would […]
Read More
Date: June 13, 2025
Dumb Money Finally Buying Stocks
Smart money usually is early to the rally and then slowly reduces exposure as the dumb money throws in the bearish towel and starts to embrace the market strength. This happens over months and quarters. Rinse and repeat. During the tariff tantrum in early April I noticed that big money was selling at any price while small money was patiently buying the plunge in what was a role reversal. The stock market has come very far and very fast from […]
Read More
Date: June 11, 2025
Goldilocks Came – Media Labeled “Weak” and “Stronger”
On Friday, I offered that an employment report with 125,000 to 150,000 new jobs created in May would be Goldilocks, not too hot and and not too cold. The government reported that the economy created 139,000 new jobs in May, slightly more than expected. Wages also grew more than expected. On the surface this was a solid number given the length of the recovery. However, April and March saw significant downward revisions by 30,000 and 65,000 respectively. Purely speculating, that […]
Read More
Date: June 9, 2025
Geopolitical Nonsense
Thursday was not a quiet day on the news front. Elon Musk fired a shot across the bow and President Trump took the bait, hook, line and sinker to mix metaphors. The market responded by selling Tesla very hard which reversed early gains in the NASDAQ 100 and S&P 500. Think you can guess my next comment? Ignore geopolitical nonsense. Follow the data. The stock market was poised to pullback. The S&P 500 got within a whisker of 6000 which […]
Read More
Date: June 6, 2025
All-Time Highs Already? – Semis Boosting Market
The S&P 500 is now only 3% from all-time highs. Just two months ago the masses were talking about a repeat of the COVID crash or 2008. Few wanted to listen to hugely bullish side of the ledger that I was selling. People laughed when I suggested new highs were coming in late Q4 or early 2026. My timing may be off, but no one can question my bullishness. All the geopolitical nonsense chatter clouded some investors’ thinking into selling […]
Read More
Date: June 4, 2025
Bulls In Charge to Begin June But Greed Is Back
Almost every day in January my wife commented how January is the longest month of the year. It’s as if time slows down. The holidays are over and sunlight is at a minimum. She hates when I don’t even bother to lift the shades in the bedroom. I felt like May was an equally long month. The weather was so crummy in CT. It was like March and November. That all changes as the markets begin June with the bulls […]
Read More
Date: June 2, 2025
The Set Up For A Pullback – Even Nvidia Can’t Help
6 weeks ago, markets would have sold off significantly had President Trump attacked the Chinese regarding violating their trade agreement with the U.S. This morning, stocks are down marginally in the pre-market. Folks can argue that the economic news with cooler inflation and a “miraculously” shrinking trade deficit are more important. And that’s been my point exactly all year. I have hammered that with each successive social media post and press conference regarding tariffs, the markets are becoming more and […]
Read More
Date: May 30, 2025
Changing Financial Advisors for High Net Worth Wealth Individuals
Are you sure that your existing financial plan is aligned with your growing wealth and long-term objectives? As your finances become more complex over time, so do your expectations of your financial adviser. You may find yourself questioning whether you still have the adviser you need. That’s why it’s worth considering why individuals in your situation tend to switch advisors—and what you need to seek in a replacement. Here at Heritage Capital, we recognize the particular challenges of holding substantial […]
Read More
Date: May 30, 2025
Social Security at Age 67? Redefining Your Retirement Timeline
Is 67 still the magic number when it comes to Social Security? The answer may surprise high-net-worth individuals. Although 67 is the full retirement age (FRA) for many, it is not always the best time to claim Social Security. As experts in retirement planning for high-net-worth individuals in Woodbridge and throughout Connecticut, we at Heritage Capital appreciate the subtleties of high-net-worth retirement planning. Before you can claim Social Security, let’s discuss things to remember and how individualized planning can be […]
Read More
Date: May 28, 2025
And Now They’re Off Again
I am rushing to hop on the train to NYC to join my friend, Charles Payne, on Fox Business between 2pm and 3pm so this may be shorter (or not). In the on again, off again tariff saga, the President reversed course on his 50% European tariff threat over the long weekend. And as you can imagine the pre-market trading is strongly higher by roughly 1.50%, wiping out Friday’s losses and then some. My readers know I have long argued […]
Read More
Date: May 27, 2025
Tariff Tantrum Part ?
Here we go again? Kinda? Sorta? Donald Trump was at it again this morning with threats of 50% tariffs on the European Union along with specifically targeting Apple. I remember telling folks after the supposed China “deal” that it wasn’t the end. It was the end of the beginning. And my opinion remains that the worst has been seen on the tariff front. Additionally, I still believe that one day this year we will wake up to bad news on […]
Read More
Date: May 23, 2025
Another U.S. Debt Downgrade – Buy Weakness
The big news of the day is actually what came on Friday right after 4pm. Credit rater Moody’s downgraded the U.S. from AAA to Aa1 in a mostly symbolic move. It is also more than 13 years after S&P began the downgrade process in August 2011. In short, while the move was long overdue and correct, it is stale and pretty much meaningless. Everyone and their dog knows our fiscal path is not sustainable. Politicians are 100% to blame, on […]
Read More
Date: May 19, 2025
