How Can a High Net-Worth Individual Fortify Investments?
These can be challenging times for investors. As I’ve mentioned before, the classic 60/40 investment portfolio is not the reliable go-to it was for decades. The economy and stock market both tend to be cyclical, so they should improve over time. However, that probably won’t happen overnight. This is why having a well-diversified investment portfolio is always a good idea. What follows are some additional tips to consider. This article considers these topics: Resist the urge to sell when the […]
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Date: December 27, 2022
The Santa Claus Rally Begins
Regardless of what the pundits and media say, the true Santa Claus Rally (SCR) as observed and researched by Yale Hirsch of Stock Traders Almanac fame began at the close on December 22nd and lasts through the close on January 4th. In other words the trend is the last five trading days of the year and first two of the new year. That’s not debatable. Whether Santa arrives or not is up for debate. Since 2000 Santa rewarded investors 18 […]
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Date: December 23, 2022
How Will Social Security Change in 2023?
The Social Security Administration (SSA) has announced that there will be several changes to benefits in 2023. According to them, these changes are necessary for ensuring the program’s long-term stability. In this blog post, I’ll take a closer look at what the changes may entail—and how they could affect (even affluent) investors. I may share more insights in the coming weeks, as well. Please explore these issues with us: Social Security’s 2023 COLA summarized Taking benefits early vs. waiting for […]
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Date: December 22, 2022
Opportunity to Bottom Today
I have been targeting this week for the December bottom and rally into January which occurs roughly 80% of the time. While Monday failed to deliver, Tuesday looked more constructive and Wednesday looks like it may confirm the low. We will see after the close. I want to see a close above Tuesday’s high as well as price closing in the upper half of Wednesday’s range. And as I always do, if the stock market closes below Tuesday’s low, I […]
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Date: December 21, 2022
Void of Data Begins
The financial markets survived the FOMC meeting, inflation report and Friday’s enormous expiration of options and futures. And by survive, I mean that the markets did not implode, but they did not come away unscathed. Last week, I offered that the stock market should put in at least a short-term low by the end of this coming week. That’s still the plan. The first opportunity comes right away on Monday with a close above Friday’s high. While few setups look […]
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Date: December 19, 2022
Fresh Selling Wave Hits Post CPI
It certainly has been a wild few days and it’s not over. Between the Fed meeting, CPI report and today’s gargantuan expiration of futures and options, the markets have had an overwhelming amount of information to absorb. Volatility has been high. For December, it has been on the extreme side. While I am sure it is different as most are, this has the feel of the early June selling wave with multiple days down and gap down weak openings. Look […]
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Date: December 16, 2022
Festive Lights & Financial Planners in Connecticut
The holidays are supposed to be a time for cheer and relaxation, but for many affluent investors, they can also be a time of stress. Between trying to find the perfect gifts and spending time with family, it can be hard to focus on your financial life in general, much less your investments. That’s where wealth management comes in: The right professional can help you relax more—by taking care of your investments for you. While you recharge, mentally and physically, […]
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Date: December 13, 2022
Disappointment on Friday
A few interesting tidbits from Friday’s action. The bond market as measured by TLT sold off a whopping 2.6%. Instances like that were seen 7 times so far this year, 4 times in 2020, 4 times in 2011 and 7 times in 2009 plus a few other random happenings along the way. In 2022 none of them marked the bottom but other years saw more favorable results going forward. While I did not buy any bonds on Friday because it […]
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Date: December 12, 2022
Semis & Banks Offer Opposing Views – Home Heating Oil Update
It has been a crummy little stretch for stocks and other risk assets, having given back the entire Jay Powell pivot chat from last week.That was when Fed Chair Powell was interviewed by David Wessel and really just slightly came off his uber hawkish view and said that a 1/2% hike was coming next week. As I have been writing about for months the dollar and the 10-Year have come way off their highs which is good for stocks and […]
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Date: December 7, 2022
White Hot Jobs Market & Yields Go Down
On Friday the government released the employment report for November which showed 263,000 new jobs being created. That was well above the 200,000 estimated. Unemployment remained steady at 3.7%. We also saw wages increase at 5.1% on an annualized basis. While this is great news for Americans and the economy, it is not what Jay Powell and the Fed wanted to see. Recall that the Fed is on an inflation fighting crusade. Let’s remember that Fed action takes 6-9 month […]
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Date: December 5, 2022
