Markets Continue to React Counterintuitively to Inflation
As you know my thinking regarding inflation has changed over the past few months following the reports released in May and June. Both of those showed white hot inflation with very counterintuitive market reaction. By that, I mean that the securities that should have fallen hard actually rallied and vice versa. After the April report was released in mid-May I thought it was just an anomaly, but back to back odd reactions had me rethinking my thesis. Take a look […]
Read More
Date: August 13, 2021
***Q2 Client Update*** – Excerpts
Many people like to read my very brief quarterly client update which I select excerpts. If you’re one of them, please read on. If not, feel free to stop right now. Always happy to hear comments and questions. It seemed like yesterday when every piece of news was dark and uncertain. People were acutely concerned about their survival and less about their finances. 2020 was a year where time almost stood still. 2021 could not have been any more the […]
Read More
Date: August 11, 2021
Warning Signs Abound
Stocks begin the new week with most of the same challenges as I have been discussing. The five major stock market indices are not all in syn as the S&P 400 and Russell 2000 remain well below their all-time highs. While semis and discretionary are at or near new highs, transports and banks are well below. The NYSE A/D Line is repairing itself, but it is still a strong few days from new highs. Whether we are looking at the […]
Read More
Date: August 9, 2021
7 Reasons You May Want to Switch Financial Advisors
Your financial advisor owes you attentive, personalized service that produces successful results. Unfortunately, some financial advisors tend to take their clients for granted. Others turn out to be disappointments for a variety of reasons. You don’t have to put up with a financial advisor who falls short of your expectations and requirements. Instead, you can exercise your prerogative to switch to a new financial advisor who will provide you the treatment you deserve. How? Check out our new guide: Switching […]
Read More
Date: August 9, 2021
Some Canaries Are Struggling to Breathe
On Friday the government will release the July non farm payrolls report, better known as the monthly employment report. The payroll firm, ADP, released their monthly report on Wednesday and it showed a much weaker jobs market than most thought possible. Interestingly, neither the stock nor bond market reacted well. I put very little stock in the ADP report has its correlation to the real one is underwhelming. In other words it has some nice hits and some big strikeouts. […]
Read More
Date: August 5, 2021
August Has Not Been Kind to the Bulls
Seriously, how can we be into August already? 2021 is flying by at warp speed and I am not liking it! It needs to slow down Kemosabe. I need some time to breathe, smell the flowers and catch up. I had an extra hour of time today as my wife and I drove home from Lyman Orchards after a quick peach and blueberry pick. Right after we passed the exit before ours, traffic ground to a standstill with four miles […]
Read More
Date: August 2, 2021
Huge News Week But Not Much Movement & No Surgery
Lots of interesting news, but not much in the way of market action. Today is the last day of the month, but the stock market is looking weaker based on the ongoing China debacle and Amazon. I won’t look too deep into this as the week ends. I remain on guard for a summer peak in stock prices that leads to a 7-11% decline. Getting back to the news, on Thursday we had the much anticipated Robinhood IPO although I […]
Read More
Date: July 30, 2021
Fed Day & Powell Laughing at Me – Sell The News on Earnings
Coming in to the week, there was so much to focus on, so much to worry about for the media. Delta variant, new mask rules, the Fed meeting and every mega cap tech stock reporting earnings. All I heard was about the massive fireworks that would be coming. Well folks, so far, there has been nothing. Even with Apple, Microsoft and Google reporting at the same time, there has barely been a sparkler. And all three companies had stellar quarters. […]
Read More
Date: July 28, 2021
Retirement Planning CT: Can I Still Retire Post-COVID-19?
As the world transitions to life post-pandemic, some things will never be the same. For a lot of people, that’s retirement. According to recent reports, about 50 percent of working adults say the economic consequences of COVID-19 will make it harder for them to achieve their financial goals. Of these people, 44 percent believe it will take them three years, if not longer, to get back to where they were a year ago. This includes many high-income business owners, especially […]
Read More
Date: July 26, 2021
All-Time Highs But Some Cracks in the Pavement
The stock market begins the new week with the Dow Industrials, S&P 500 and NASDAQ 100 at all-time highs. That’s the good news. However, the S&P 400 and Russell 2000 (chart below) are lagging badly. That’s not so good. Additionally, the number of stocks participating in the rally is underwhelming, not to mention that sector leadership is less than inspiring. That’s worse. Below you can see one of my favorite canaries in the coal mine, the NYSE Advance/Decline Line which […]
Read More
Date: July 26, 2021
