Bulls Not Convincing, Yet
9-11 is always a difficult day. Everyone seems to know someone who perished in that unspeakable, cowardly terrorist attack. I lost a childhood friend and a fraternity brother. Many or most years, I repeat my story that day. I just don’t have the mental energy today. I simply hope that no one ever forgets what happened. Stocks are in the midst of what I think will end up being a feeble bounce. Sure, I could be grossly wrong and the […]
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Date: September 11, 2023
Stock Market in a Vulnerable Position
The stock market is now in a vulnerable position. Vulnerable doesn’t mean crash or bear market or even a decline. It just means that the path of least resistance is lower, not today or any day, just in general. The S&P 500 as seen below is now caught between last week’s high and the August lows. For the vulnerable regime to pass, we want to see either price level exceeded on a daily closing basis. I will speculate and say […]
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Date: September 8, 2023
Challenges of Residential Real Estate
Greetings from 36,000 feet as I make a quick trip to Florida to visit clients and a few new prospective clients. As I sit here my thinking on the markets is not any different from what I have been writing about so I decided to pivot to a totally different topic, interest rates. I am always interested in your feedback, positive or negative, so feel free to share. The worst kept secret of all-time is that interest rates have soared […]
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Date: September 6, 2023
The Spookiness of September Arrives
I keep chatting with folks who bemoan the end of summer because kids are back to school or they work in education. I had news for them. Summer ain’t over. Just like Punxsutawney Phil the groundhog, I see another 6 weeks of summer or pretty close. While ski season is less than 100 days away, I have no plans on mentally preparing just yet. August ended with a little whimper. Stocks sold off into the close while still in a […]
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Date: September 1, 2023
Nice Bounce But Not Convincing
Long-term bond yields have come down over the past two weeks. Ya know what that leads to in this climate? Stocks have bounced nicely over the past week although I sense that yesterday was the day of recognition, the day when people realized there has been a little rally. Usually, we see some weakness a day or two later. At this point the S&P 500 has regained a little more than half of what it lost. If my thesis regarding […]
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Date: August 30, 2023
BUT BUT BUT Nvidia Had a Blowout Quarter
When I got back from the Midwest on Wednesday night my middle son immediately wanted to discuss Nvdia’s absolute blowout earnings report. Before you start thinking that he’s another example of insanely bullish sentiment on the stock and AI in general, he has been all over AI and the semis for a number of years. He just doesn’t understand the ebb of flow of stock price movement. I told him that given the strong run up in the stock and […]
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Date: August 28, 2023
Long Lives & Tech Leaps: The Role of Generational Wealth Today
We continue to see the promising potential for extended life spans in an age of rapidly advancing technology and medicine. If you are 20, you have a 50% chance of living to be 100 or more. If you are already 60, you have a 50% chance of living to be 90 or more. Plus, there are emerging technologies that could extend lifespans even longer. While this is a somewhat futuristic perspective, we should ask ourselves: Are we prepared for our […]
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Date: August 28, 2023
It’s P Day
A year ago at this time, Fed Chair Jay Powell gave a very short and direct speech at Jackson Hole. Most people were surprised at how short his comments were, but no one misunderstood his powerful message which he followed through on ever since. I do not expect Powell’s speech to be as short as 2022 nor as direct and sharp. I expect him to continue to be mildly hawkish and report that the Fed’s job is almost but not […]
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Date: August 25, 2023
The Ultimate Guide to Understanding Your Social Security Benefits
Understanding how to manage your Social Security benefits is crucial to your overall retirement planning success as you approach retirement. As the owner of a Registered Investment Advisory firm in Woodbridge, CT, and a fiduciary financial advisor, I get to help individuals prepare for a successful retirement by answering questions such as: When should I start taking Social Security benefits? Can I still work while collecting Social Security? Will my Social Security benefits be taxed? How do withdrawals from retirement […]
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Date: August 23, 2023
Reversals Abound – All Eyes on Nvidia
Friday’s reversal from early losses looks interesting on a chart for sure as you can see below in the S&P 500, but Tuesday also showed a less impressive reversal. This time it was to the downside. While I expected more from the bulls after Friday, perhaps I am being a bit too impatient. We will have to see. In what has become the most anticipated earnings report in a long time, Nvidia reports after the close today. The chart is […]
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Date: August 23, 2023
