Make it 8 straight, I think. What a rally off of the April 7th crash bottom. Lots and lots of folks fought and disavowed the rally as just a dead rat bounce in a longer-term bear market. I sense that Thursday saw some change as bears were giving up and opening the door to the rally being for real. Where have they been? My operating thesis was that the S&P 500 would rally to the 5500-5600 area before the bears […]
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I spent Tuesday in New York meeting with clients and visiting the good folks at Fox Business. Although I do like to talk a lot, I am a good listener, especially when trying to take the mood of the public. Today, I basically heard that younger folks are more scared of the current economic and market client than older folks. I know. I know. That’s some generalization. Older folks, say 50+ are pretty much split 50-50 along political lines. Either […]
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Markets enter the new week on a four day winning streak. Additionally, last week saw a number of thrusts which indicate the beginning of a new intermediate-term rally for stocks. However, with the trend still tilting down, that also means that stocks are tired in the short-term and in need of some rest. The NASDAQ 100 is first for a change below. With Google having reported last week and the good news being sold, a number of other high profile […]
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Retirement planning for folks with sizable assets requires a special approach. Are you confident your present strategy is moving you toward your long-term goals? For high-net-worth (HNW) individuals who wish to retire in Connecticut, personalized financial planning is required to address the unique issues and opportunities presented by substantial wealth. We are Heritage Capital, a well-established local financial planning firm that develops personalized retirement plans based on your objectives. Regardless of whether you’re interested in tax planning, wealth transfer, or […]
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The stock market blasted off this week. While Monday was a sizable down day, it turned out to be a trap for the bears. OUCH! Tuesday through Thursday were very strong, triggering a number of longer-term thrusts. Thrusts? Picture a rocket taking off. The first 1000, 10,000 and 100,000 feet see the strongest acceleration. Then the power continues without less energy. With stocks rallying so strongly, the bears seem to have disappeared. The same pundits who turned negative near the […]
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Anyone dizzy yet? Tariffs on. Tariffs off. Fire Jay Powell. Don’t fire Jay Powell. I am not even sure what day it is anymore. But in investing just like life, we play the hand we are dealt, not the hand we want. I see our aggressive models swinging heavily long to short to neutral to long and on and on. The news is the news, just like we saw with COVID in 2020 and, well, everything, in 2008. Markets are […]
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I hope those who observe Easter and Passover had a good holiday. The markets return from the long weekend on the cranky side with pre-market indicating a 1%+ loss at the open. Last week, I wrote about a pullback coming and this certainly looks like it. Unless I am totally misreading the market, there should be another rally coming later this week or next. Stocks basically remain in the range from that wild up 10% day from two Wednesdays ago. […]
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The stock market bounced as expected from both a time and price standpoint. A pullback is next. I do not believe stocks will breach or come close to the lowest levels we have seen in April, at least not yet. Ideally, I would like to see the S&P 500 get to at least 5550over the coming few weeks. My thesis remains that a wide, 15% trading range is likely in place for the next 4-8 weeks and the final bottom […]
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A new video is up. Tariff Crash To Tariff Surge – 4 to 8 Weeks More Of High Volatility On Friday we bought SDS and EIS. We sold EPOL and some QLD.
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It’s a story well-known to wealthy families: You’ve worked hard to build great wealth, and you’re willing to share it. But note the following statistics—70% of wealthy families lose their wealth by the second generation, and 90% by the third. That’s a staggering fact, and it doesn’t occur because the next generation spends wildly. More often, it’s a result of inadequate planning and insufficient communication. Wealth transfer from one generation to the next is more than a will. It is […]
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