Amazing April Begins
After a long holiday weekend, the first week of April begins with the bulls looking to build on the across the board strength from last Thursday. Small concern was definitely starting to creep in last week as participation in the rally was waning. Thursday was only one single day, but participation was a whole lot better. We will see what happens today as the bulls look for another big open to fresh, all-time highs. I do love writing, fresh, all-time […]
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Date: April 5, 2021
Your FRA and What It Means to Your Finances
When it comes to retirement, knowing your Full Retirement Age, or FRA, is just as vital as knowing your Social Security number and your birthdate – that “magic number” determines when you can start taking your full Social Security benefits, how much you’ll receive, and ultimately, how much money you’ll have in retirement. While Social Security likely won’t supply the bulk of your retirement income, especially for those planning a high net worth retirement, your benefits will play a crucial […]
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Date: April 5, 2021
Schatz Chosen to Serve on Federal Reserve Bank of Connecticut’s Board
FOR IMMEDIATE RELEASE: April 1, 2021 In a surprise move to many, Paul Schatz, Founder and President of Heritage Capital LLC in Woodbridge, CT has been chosen to serve as a Director-At-Large for the Federal Reserve Bank of Connecticut located in New Haven, CT. It was only three short months ago when Schatz was offered a position on President Trump’s Council on Capital Markets, a role Schatz politely declined. “Look, I was so beyond flattered that President Trump and his […]
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Date: April 1, 2021
Epic Greed & Euphoria Lead to a Hedge Fund Blow Up
The new week begins with the Dow Industrials and S&P 500 at all-time highs. The S&P 400 and Russell 2000 should follow suit over the next few weeks. I am going to reserve judgement on the NASDAQ 100 for the time being as it remains at a critical short-term juncture. As I mentioned in yesterday’s email, we saw some “curious” behavior during the final hour of trading on Friday as the stock market went from sleepy to surging. It certainly […]
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Date: March 29, 2021
Nice Reversal But…
We saw a semi-impressive turnaround on Thursday led by the small and mid caps stocks. Interestingly, bond yields did not fall hard which is why leadership continued to come from the cyclical areas like financials, energy, materials and industrials, those same sectors I have been touting all year. I do like potential lows to be hammered in on Thursday instead of Friday, but the bulls should get a move on sooner than later. Negative seasonal trends begin to mitigate, but […]
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Date: March 26, 2021
Watching Technology Closely
Some days, I even surprise myself. This morning, I wrote most of my blog post, thought I uploaded it and then went about my day. As I was going through my post-market day wrap up, I noticed it sitting in the draft folder. Nice work Paul! Anyway, following up on my comments from Monday, this week was setting up to be down and the bears are trying hard to grab the upper hand. Without having the major stock market indices […]
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Date: March 24, 2021
They Don’t Make It Easy
Friday was another in what has become a long line of dichotomous days where the 5 major stock market indices were not all in sync. To add confusion on to that was how each of the indices were behaving over the previous two days. While Fridays are always tough days to glean much, especially into the close ahead of a weekend, it looked like Monday could set up for further downside although the Russell 2000 small caps looked the best […]
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Date: March 22, 2021
Heritage Capital Warns: 5 Common Mistakes Made with Social Security
Social Security is a cornerstone element in many retirement plans. It’s also a complex beast, and inattention to details can lead to costly mistakes. Planning how and when to claim your Social Security benefits should start well before age 62, the first year you can receive payments. By starting early and understanding all of your options, you’ll be better positioned to extract the maximum value from your Social Security benefits. While Social Security won’t be your only source of income […]
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Date: March 22, 2021
Crowded Trade Could See Quick & Sharp Reversal
Stocks continue to pull back from their recent all-time highs earlier this week. That is, except for the NASDAQ 100 which has been mired in a correction since mid-February as soaring bond yields have come at the expense of tech. I will say this; unless the NASDAQ 100 quickly closes above this week’s high point, it should be headed for new 2021 lows. The other major indices are behaving well and should see fresh all-time highs next month. It seems […]
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Date: March 19, 2021
The Single Most Important Fed Day Ever – Phooey
The stock market model for today is plus or minus 0.50% until 2pm and then a bigger move. However, with the S&P 500 at new highs this week, the usual ammunition for a big rally is gone. With pre-market indicating a lower open, the model is to buy anything lower than -0.50% and reduce or eliminate at 2pm. Here we go again. All the hyperbole about the single most important Fed meeting ever has started yet again. The deal is […]
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Date: March 17, 2021
