Taxes Going Up – Bears Get Selling
The stock market continues to trade heavy without much magnitude on the downside so far. The WHY isn’t important as you know market reaction is much more so. In a perfect world, as I wrote the other day, I would like to see one more decline to new lows for the week and then a reversal to the upside to begin a run to new highs. That bottom could be the offing next week. Biden and Congressional Democrats seem lined […]
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Date: September 17, 2021
Bulls Biding Time
6 out of 7 days down for the S&P 500 and a scary 2% overall decline. If you listen to paid actors like Jim Cramer, you would think this is a bear market and things are really bad. It was only a few months ago when he implored investors on June 18 not to buy because some technical analyst said the market “always” heads lower to month-end. By the way, June 18 was the low of a three-day pullback and […]
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Date: September 15, 2021
Make That 5 In a Row
Five days in a row stocks have been down. That’s pretty ominous. I mean, after all, the S&P 500 is down a full 1%. It’s time to call the market police. Friday was a bit on the ugly side with the largest down of the five. However, volume was less for the fourth straight day while the S&P 500 has been in an uptrend. Historically, that recipe has been good for a very short-term rally. Add into that we have […]
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Date: September 13, 2021
What You May Not Know About Robo Advisors and Target Date Funds
The initial enthusiasm for something new is sadly often followed by disappointment when more facts come to light. In the investment world, two items that have become popular in the last decade are target date retirement funds and robo advisors. Each promised to provide cost-efficient investment management and superior results. But what has become clear is that whatever their merits, these two methodologies have a number of flaws that require careful consideration. This is especially true when it comes to […]
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Date: September 13, 2021
Remembering 9/11 – Never Forget
20 years since the most heinous attack on American soil. Like previous generations who had their indelible moments, my generation has 9-11. I remember 20 years ago when people said where they were when President Kennedy was assassinated. My grandparents used to talk about Pearl Harbor. On September 10, 2001 I sat at my favorite restaurant in the world, Bern’s Steakhouse, with two buddies debating whether we should make the last flight out and head home from Tampa or stay […]
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Date: September 11, 2021
Bulls Should Be In a Buying Mood
Do people realize that the S&P 500 has been down three straight days? That seems like a lot, but the magnitude has been all of -0.50%. Between the holiday-shortened week and Rosh Hashanah, liquidity has been on the low side. That should start to normalize today and certainly next week. I expect the bulls to put money to work at some point on Thursday morning and we will see later today if that sticks. On the index leadership front, the […]
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Date: September 9, 2021
How to Recover from Financial Loss Right Before Retirement Age
After carefully contributing to your retirement accounts for decades, it can be quite devastating to experience a financial loss just as you prepare to retire. However, while it may feel like it, the world isn’t coming to an end. You can take steps to recover from an untimely loss, but it requires that you keep your perspective rather than surrendering to fear. At Heritage Capital, we can help. How? Here’s an example. When and Why This Can Happen An […]
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Date: September 6, 2021
Jobs Report Lays Another Egg
The August Nonfarm Payrolls Report was released at 8:30am today. Boy, was it another stinker relative to what was expected. 235,000 new jobs were created, embarrassingly below the 750,000 that was expected. However, the unemployment rate did tick lower by .2%. No matter what spin the Biden administration puts out, the economy continues to have its dislocations and struggles. That’s indisputable. “But Paul, 235,000 new jobs is good, right?” In a vacuum, it is. However at this stage of the […]
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Date: September 3, 2021
Beware September – Or So The Uninformed Say
I can’t believe summer ends this weekend. What a crummy summer it has been in New England, especially the weekends. It’s not fair. It’s not fair. It’s not fair. As the calendar turns plenty of pundits have been discussing that September is historically the worst month of the year for stocks. That’s is factually correct. Depending on which year you cherry pick the starting date, September averages a negative return of -1.10% since 1928. However, the devil is really in […]
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Date: September 1, 2021
Powell to the Rescue!
Boy, I did not expect such a bullish market reaction to Jay Powell’s 10am speech on Friday. Powell did not say anything outside the norm, but the market interpreted it as being more dovish, even though the taper is in full view now. I guess people did not believe Powell had strong tapering conviction, even though the Fed paraded out no less than five regional bank presidents who were all lined up for the taper to be announced in September […]
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Date: August 30, 2021
