Tired
My flight back from CA to JFK was delayed because of weather and a not functioning lavatory. And then we had to fly around the storms which made it longer. Upon landing, wait for it, the gate was not ready. And my parking lot took 30 minutes to pick me up. So folks, here is a short update on a few hours of sleep. Like me, stocks are a bit tired. Tariff news has been good this week, but stocks […]
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Date: May 9, 2025
***Special Fed Day Update – Powell & Company Wrong Again – Stocks Heading To New Highs***
After four crummy weather days, Mother Nature is apparently going to offer some sun and warmth in Southern CA, not that I have been outside since Sunday. The conference ends today and it’s been a tiring week so far, chairing the conference committee and keeping everything running smoothly and on time. I am looking forward to a half day free tomorrow morning before flying home. It’s FOMC day for the Fed. The stock market model is plus or minus 0.50% […]
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Date: May 7, 2025
***Q1 Client Update***
Following the election of Donald Trump to a second term, I broke with the vast majority of pundits and media when I had high conviction that 2025 would not be a repeat of 2017 where we saw animal spirits unleashed and markets soar. 2017 was all about the largest tax cut in history along with massive deregulation. Combined, that likely added hundreds of billions if not trillions into corporate coffers and individual balance sheets to stimulate an economy that didn’t […]
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Date: May 6, 2025
Bears Still Hate And Disavow – Pullback Here
Greetings from Orange County, CA where the weather is anything but sunny. In fact, it is cool, drizzly and foggy. I actually have layers on. And why did I leave sunny CT? Friday was another very strong day for the bulls with 2150 stocks up and only 500 down on the day. It was also the 9th straight up day for the S&P 500 which has carried higher during this first rally off the bottom than I would have thought. […]
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Date: May 5, 2025
8 Straight For The Bulls As Some Bears Throw In The Towel
Make it 8 straight, I think. What a rally off of the April 7th crash bottom. Lots and lots of folks fought and disavowed the rally as just a dead rat bounce in a longer-term bear market. I sense that Thursday saw some change as bears were giving up and opening the door to the rally being for real. Where have they been? My operating thesis was that the S&P 500 would rally to the 5500-5600 area before the bears […]
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Date: May 2, 2025
Now 6 Straight For The Bulls
I spent Tuesday in New York meeting with clients and visiting the good folks at Fox Business. Although I do like to talk a lot, I am a good listener, especially when trying to take the mood of the public. Today, I basically heard that younger folks are more scared of the current economic and market client than older folks. I know. I know. That’s some generalization. Older folks, say 50+ are pretty much split 50-50 along political lines. Either […]
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Date: April 30, 2025
Make It Four Straight
Markets enter the new week on a four day winning streak. Additionally, last week saw a number of thrusts which indicate the beginning of a new intermediate-term rally for stocks. However, with the trend still tilting down, that also means that stocks are tired in the short-term and in need of some rest. The NASDAQ 100 is first for a change below. With Google having reported last week and the good news being sold, a number of other high profile […]
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Date: April 28, 2025
High Net Worth? Discover Your Ideal Retirement Strategy in Woodbridge
Retirement planning for folks with sizable assets requires a special approach. Are you confident your present strategy is moving you toward your long-term goals? For high-net-worth (HNW) individuals who wish to retire in Connecticut, personalized financial planning is required to address the unique issues and opportunities presented by substantial wealth. We are Heritage Capital, a well-established local financial planning firm that develops personalized retirement plans based on your objectives. Regardless of whether you’re interested in tax planning, wealth transfer, or […]
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Date: April 28, 2025
Sometimes Markets Are Annoyingly Frustrating
The stock market blasted off this week. While Monday was a sizable down day, it turned out to be a trap for the bears. OUCH! Tuesday through Thursday were very strong, triggering a number of longer-term thrusts. Thrusts? Picture a rocket taking off. The first 1000, 10,000 and 100,000 feet see the strongest acceleration. Then the power continues without less energy. With stocks rallying so strongly, the bears seem to have disappeared. The same pundits who turned negative near the […]
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Date: April 25, 2025
We’ve Seen This Show Before. Read data. Analyze data. React to data.
Anyone dizzy yet? Tariffs on. Tariffs off. Fire Jay Powell. Don’t fire Jay Powell. I am not even sure what day it is anymore. But in investing just like life, we play the hand we are dealt, not the hand we want. I see our aggressive models swinging heavily long to short to neutral to long and on and on. The news is the news, just like we saw with COVID in 2020 and, well, everything, in 2008. Markets are […]
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Date: April 23, 2025
