Paul Schatz, President, Heritage Capital

Overusing “Good Riddance” & Inflation of July 4th Travel

Almost every month in 2022 I have used the words “good riddance” as the new month began. I used it when Q1 ended and now I am saying GOOD RIDDANCE to June, Q2 and 1H 2022. None have been easy. As the calendar turns to July, there are a number of seasonal crosscurrents. During the second year of first term presidents, the stock market remains unappealing during the summer and often sees a major bottom in September or October. The […]   Read More
Date: July 1, 2022

Bears Come Out of Hibernation

After we finally saw a nice week for the bulls last week, the bears decided enough was enough and sold the opening in a big way on Tuesday. I expect chatter to quickly turn to whether a new leg lower for the stock market has begun and how much deeper the bear market can go. The best things you can say about Tuesday are that small and mid cap stocks did not lead the market lower and the NYSE A/D […]   Read More
Date: June 29, 2022

Why “Set It and Forget It” May Be the Wrong Investment Strategy

Please don’t shoot the messenger, but I’m here to tell you that, while setting it and forgetting it (SIFI) can sometimes be a generally helpful strategy, it is not ALWAYS best. In this article, I’ll describe how SIFI works and seven ways it falls short, especially if you manage your portfolio on your own. I’ll finish by showing how a fiduciary advisor can provide the benefits of SIFI without the downsides.   What Is Set It and Forget It Investing? […]   Read More
Date: June 28, 2022

The Pummeled are Leading

The bulls finally won a week. It took four weeks for a victory, and they were able to recover the full losses from the week before. That was no easy task! The stock market remains in bounce mode and the bulls should have more firepower to use in the coming days and weeks. Keep in mind that this is the last week of June and the end of Q2. Although there are significant losses in both stocks and bonds, we […]   Read More
Date: June 27, 2022

A Bull Market in Bears

Well look at that, three days this week the stock market is gapping up at the open. I would be surprised if the bears were able to thwart the bulls at all today. What a difference from a few weeks ago when it gapped down four straight days and in much greater magnitude. The bull have had a nice week. It’s the first up week of what has been a brutally tough month (and quarter and year) for the bulls. […]   Read More
Date: June 24, 2022

Wednesday a Key Day – Extreme Bearish Sentiment

The markets returned from the holiday weekend with an absence of sellers. The bulls had a big day although not as strong as price indicated. By that, I mean the number of stocks going up on the day and the volume associated with those stocks was not as powerful as price said it should be. Yes; I could be nitpicking, but after such a significant decline I want to see more progress. Interestingly, I read a thread on Twitter about […]   Read More
Date: June 22, 2022

The Big Mistake Richard Made Managing His Retirement

We’ll call him Richard so as to not embarrass him. Richard is a great guy, but sometimes he can’t seem to get out of his own way. Richard’s made many mistakes over the years, including: Buying a timeshare Investing in a family member’s startup Taking Social Security benefits before age 70 Failing to diversify his stock portfolio But the biggest mistake in Richard’s personal finance strategy was to utilize the services of a broker-dealer. B/Ds tend to focus more narrowly […]   Read More
Date: June 21, 2022

This Year Ain’t Easy But It’s NOT 2008

FYI. The financial markets are closed on Monday in observance of Juneteenth. Stocks ticked ever so slightly higher to close another very challenging week for the bulls. It was also a quarterly expiration of futures and options which likely exacerbated the decline. From March 29th to May 12th the stock market experienced one of the strongest selling waves ever. More recently, the stock market saw four straight 1% down days ending on June 13th, also rivaling other periods for strength […]   Read More
Date: June 20, 2022

***SPECIAL Fed Update – The Fed Can’t Win – The Final Countdown***

The stock market model for today is plus or minus 0.50% until 2pm and then a bigger move. Given the recent decline there could be a little more juice in that trade, but it would have been better had stocks fallen into Tuesday’s close. I joined my friend Tim Lammers and the morning team on Fox61 today to offer a primer on the Fed meeting and correct one of the biggest myths about the Fed. You can watch HERE. Driving […]   Read More
Date: June 15, 2022

Not The Scenario I Wanted – Answering Your Questions

***Please note that I have started and stopped this update a number of times since I am on the road, so please forgive the pieces that may be a little stale*** I want to start off by addressing a comment and answering a few questions. First, a number of folks emailed why I didn’t send out market updates last week. I did. I just didn’t send notification to the entire list. Remember, I try to publish on the blog on […]   Read More
Date: June 13, 2022