Tesla & Netflix Offering Clues as I Start to Temper Exuberant Enthusiasm
The markets gave us an interesting clue to where the rally stands on Thursday. Both Tesla and Netflix reported earnings that were generally fine. There were a few tiny pieces of negativity, but nothing really big. Both stocks were hit hard as was the NASDAQ 100. You can see Tesla and Netflix below, which we own in our Unloved Gems strategy. Look all the way to the far right of the chart to see the decline. Both stocks have had […]
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Date: July 21, 2023
Houston, We Have Another Liftoff
Over the past few weeks I mentioned a number of opportunities in the markets as well as posting the trades we made to execute. I talked about gold bottoming at the end of June. I discussed some moves away from the big winners like the NASDAQ 100 and into lower risk areas like the Dow Industrials. It’s not rocket science. It’s prudent movement of funds to take advantage of solid risk/reward set ups. That doesn’t mean they will always end […]
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Date: July 19, 2023
Happy 9 Month Birthday to The Bull Market
Yes; I am very happy and I had a great weekend! Someone emailed me concerned that I did not add my usual two cents about the upcoming weekend. In my rush to bang out Friday’s blog, I must have forgotten. Fear not, we spent Friday night with a bunch of couples at our friends’ house with some gourmet food and great conversation. Mother Nature wasn’t so kind for most of the weekend, but I did squeeze in some outdoor activities […]
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Date: July 17, 2023
Bears Tortured & Decimated
The economy saw more good news on inflation this week with both CPI and PPI coming in a little cooler than expected. I know. I know. You are as surprised as I am (lots of sarcasm). Stocks haven’t rocketed off of the October bear market bottom because inflation was going to remain hot. The other day I argued with a guy who doesn’t actually manage money professionally, but claims to be all-knowing. We were at odds about the economy and […]
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Date: July 14, 2023
More Bullish Setups in The S&P 500 – Don’t Ignore The Dow Industrials
Friday was an ugly day. While the indices showed very modest losses, they, were strong in the morning, lost all of the gains and then some before closing at the lows of the day. In a vacuum that would suggest a short-term peak. But remember, we don’t manage money in a vacuum nor analyze things that way. Yes, it was a Friday in a holiday-shortened week, but I also don’t want to qualify it either. Below is the S&P 500. […]
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Date: July 10, 2023
June Jobs Report Completely Contrary to ADP – Bears Want It Both Ways
I am late in getting this out. My apologies. As you know we held our quarterly client webinar last night. After I saved the video I could not get the sound to play which we worked on this morning. I also wanted to see what the June jobs report looked like as it was released at 8:30am. On Thursday stock and bond markets sold off hard after ADP showed a massive surge in new jobs for June which would prompt […]
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Date: July 7, 2023
New Week, Month, Quarter & Half Start w/ Bulls Still Celebrating
Welcome back and I hope had a great 4th of July and/or long weekend! Just a reminder that my quarterly client webinar will take place tomorrow (Thursday) at 8pm EDT where we will cover the events of Q2, performance of our strategies and a sneak peak at what lies ahead in Q3. Of course, please bring any and all questions! Monday was the first day of the week, month, quarter and 2nd half of the year. Over 80% of the […]
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Date: July 5, 2023
Stats Still Point Higher for Stocks – Gold Looking at a Bottom Right Here
We have come to the end of the week, the end of the month, the end of the quarter and the end of the first half of 2023. As I continue to remind myself, my grandmother always warned me that the older we get, the faster time flies by. Never let a moment go to waste. My grandmother was a very worldly and wise person. We had this uniquely special relationship. She and my grandfather never conformed and did things […]
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Date: June 30, 2023
End of The Week, Month, Quarter & First Half Showing Opportunity
Over the weekend I published a video with a cornucopia of thoughts about the Fed, recession, yield curve and the markets. Towards the end of the video I offered that the stock market should bottom immediately, meaning in the coming day or so. And you know from the trades I post that we took advantage of the small bout of weakness to buy and rotate portfolios and get stopped out of a gold trade again. Seasonally, the stock market is […]
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Date: June 28, 2023
You Asked, I Answered
It is a long time in coming, so here is a video answering the most asked questions of late. Most Asked Questions ICYMI, here are some recent media interviews and quotes. Can the year of the bull continue? Don’t misread the Fed’s pause in June as the end of higher rates; Financial advisors tune out debt ceiling hysteria; How Should Investors Prepare For A Debt Ceiling Crisis?; On Friday we bought ITA and levered S&P 500. We sold DXHYX and […]
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Date: June 26, 2023
