Paul Schatz, President, Heritage Capital

Paul Schatz, President, Heritage Capital

Sell Rosh Hashanah Buy Yom Kippur – Bears in Charge

There has been a trend in place for many, many decades that says to sell heading into the Jewish High Holy Days and buy coming out of them. Friday was the day to sell and next Monday’s close is the day buy. The theory says that Jewish investors would sell their material possessions during the most sacred period of their year to reflect on the year that was and atone for their sins as the period ends on Yom Kippur. […]   Read More
Date: September 21, 2020

Market Bottom Still Ahead

This is just a quick update as the market is about to open. My thoughts remain the same and clear. The bottom is not in just yet. I remain concerned in the short-term. At a minimum I want to see the recent lows breached. If one index bucks the trend, that’s the index I will focus on for the next rally. Since mid-July I have written about the frothiness, the giddyness and the greed in the Fab Five Plus NASDAQ […]   Read More
Date: September 18, 2020

Fed Day – Will Bears Join the Party?

Today is yet another conclusion of the Fed’s two-day meeting where nothing major is being anticipated. Sure, it’s the first meeting since Jackson Hole where Powell offered a change to the Fed’s 2% ceiling on inflation, but I only expect additional details that do not move the markets nor the economy. The Fed has done a lot, extraordinary measures. And they created the longest runway in history before rates will be hiked again. But remember, meteorologists have better track records […]   Read More
Date: September 16, 2020

Bulls Come Back Hungry While A Popular Analog Fails

I received a number of emails and calls that my tone has become negative, too negative by some estimations. That’s fine. I am usually accused of being too positive or permanently bullish. I just call them like I see them and try not to stay wrong for too long. While the bears won last week’s battle, the bulls look like they want to bounce back hard as the new week begins. Certainly, the bulls are due for at least a […]   Read More
Date: September 14, 2020

How to Retire Without Your Spouse: Investment Strategies for the Divorced or Widowed

Divorce has become increasingly common in the United States over the past few decades, and roughly 25 percent of people 65 or older are widowed. Despite this, however, approximately two-thirds of married couples don’t have a financial plan set up in the case of divorce or widowhood. What happens if you do become divorced or widowed either when retirement is imminent or once you’re retired? Are there investment strategies that can help in either scenario? In our more than 30 […]   Read More
Date: September 14, 2020

Remembering 9-11 – NEVER FORGET

September 11th seems to sneak up on me each year. This year was worse as the country is still dealing with the Corona pandemic and the overall heightened state of affairs. With kids going back to school, Labor Day and the start of the NFL season, it feels like I wake up and realize 9-11 is either the next day or very close by. I wasn’t around when Pearl Harbor was bombed but I know everyone from that generation remembers […]   Read More
Date: September 11, 2020

Bottom Still Ahead of Us

Wednesday definitely saw the anticipated snapback I mentioned the other day, however, the bulls limped into the close. I did not want to see that. Stocks remain in a fragile state and that is unlikely to end here. I still believe the major indices will see lower prices than they saw so far this week. In other words, the bottom should not be in just yet. When do I think stocks WILL find the low? I wish I had strong […]   Read More
Date: September 10, 2020

Sell the Rally – Bottom Not In

Stocks got hit with the ugly stick again on Tuesday. If you are keeping score at home, the NASDAQ 100 fell 11% in just three days. No one should be surprised this happened as I have been discussing it since mid-July. Sentiment got giddy and greedy, just like it was in February. Greed is almost always punished swiftly and sharply. Everyone’s favorite stock split plays, Tesla and Apple, plummeted 35% and 20% respectively. Zoom got hit for 27%. These are […]   Read More
Date: September 9, 2020

Bears Not Ceding After Friday’s Reversal

After Thursday’s major rout in the stock market, especially in the much ballyhooed mega tech sector, investors found out super quickly that their love affair with the Fab Five Plus is now a two-way street. Yes, indeed folks, Apple, Amazon, Facebook, etc. can do down even faster than they rallied. While most investors did not enjoy that behavior, it is a welcomed return to more normal activity. It’s also something I warned about last month when I wrote about selling […]   Read More
Date: September 8, 2020

September Not as Bad Beneath the Surface – Ugly Stick Out in Full Force on Thursday

As the calendar has turned to September, let’s not forget all of the pundits who incorrectly warned about August being such a tough month. While there is nothing wrong with being wrong (I do it every day), there is a lot wrong when you are lazy and do not do your homework. Those who painted August with a broad brush just recited some stat they saw on Twitter. Instead, they should have been reading this blog and learning about the […]   Read More
Date: September 4, 2020