Will Your Nest Egg Survive Retirement? Answers For Your Top Concerns!
Back in the day, it was standard practice to work until 65 and, in theory, be relegated to a rocking chair or recliner for the remainder of your years. The good news is that retirement today differs significantly from what it used to be for our parents and grandparents. In modern times, retirement takes on a whole new meaning as people are much more healthy and active and want to experience more of what life offers once they stop working […]
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Date: February 26, 2024
Nvidia Delivers (Sell) – Weird Behavior Follows – Pay Attention
Thursday was definitely a weird day in the markets. And I am not talking about Nvidia which is all the rage. Heading into its earnings I wrote that the stock was a buy on Wednesday as it should pop on the news.While I usually do not flip stocks that quickly, the stock is now a sell on the news and overreaction. Stock market action on Thursday was strange and not exactly in a good way. We did a fair amount […]
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Date: February 23, 2024
Nvidia, Nvidia, Nvidia, Apple and Fox Business
First, I am very excited to join my friend and the most dapper man on TV, Charles Payne, on Fox Business’ Making Money likely between 2:05pm and 2:30pm today. I am old enough to remember when the stock market was obsessed with GE’s earnings. It was a huge market mover. Everyone opined. Networks lined up to have CEO Jack Welch join them. Then GE fell out of favor. The market then became obsessed with Apple’s earnings. Everyone followed the stock. […]
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Date: February 21, 2024
Figuring Out The Transports And Avoiding The Rust
They’re not making it easy. But do they ever? Yes, they do. Who is “they”? I’m not really sure, but I seem to use the pronoun a lot. Let me give you an example of one thing that confused me lately. Look at the two charts below. The first one is the Dow Jones Transportation Index which is made up of thing like airlines, rails, truckers and shippers. It is nowhere near its August 2023 peak which is concerning. Now […]
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Date: February 17, 2024
One Day Wonder or The Start of a Big Decline
The markets had a little down day, eh? I like when people ask me why the markets “crashed” on Tuesday. I mean, stocks are up 20% since the October bottom and hadn’t had even a 2% decline in three months. And we see a single down day of 1-3% and people are all beared up. I want to say that I don’t get it, but I totally do. It’s investor psychology and behavioral finance. And let’s be crystal clear like […]
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Date: February 14, 2024
***Q4 Client Update***
2023 ended much the way it began, with the bulls firmly in charge, our strategies locked and loaded long and me continuing to pound the table for higher prices. However, the financial market landscape could not have been more different. 12 months ago, it was difficult to find a positive forecast. I was almost all alone on the bullish island for 2023. Wall Street, the pundits and the media were firmly negative. Recession was coming. Inflation was out of control. […]
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Date: February 12, 2024
Today’s Millionaires: Exploring What “High Net Worth” Really Means
Many individuals and families we provide wealth management services do not consider themselves rich or categorized as “high-net-worth” when they should be. So, what does it really mean to be a high-net-worth individual? In today’s blog, we’ll examine what it means to be a high-net-worth individual and explore how far $1 million will last during your retirement years. As an independent, accredited investment fiduciary in New Haven, CT, we specialize in helping high-net-worth individuals create sophisticated retirement plans that set […]
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Date: February 12, 2024
Dotcom Bubble It Ain’t – Anatomy Of a Sale
Lately, I have heard some of the higher profile pundits compare this market to 1999. That is total nonsense and garbage. I am embarrassed for them. Either they are lazy and ignorant. I was there during the lead up to the Dotcom collapse. I vividly remember losing clients in Q4 1999 for not embracing the new paradigm. Client thought I was stupid for owning a bunch of pharma stocks. Next week, I will pull out some charts to compare the […]
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Date: February 9, 2024
But It’s Only 6 Stocks & It Looks Like The Dotcom Bubble
With the plethora of news the markets haven’t really gone anywhere lately. It seems like the world is now obsessed with the supposed narrowness of the rally and everyone has become a top down expert in the area. These kinds of divergences can matter tomorrow or in a year. However, the longer they go on, the worse the punishment will ultimately be. Of course, lack of participation can be fixed by, you guessed it, big participation. Below is a familiar […]
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Date: February 7, 2024
Horrible Market Action BUT BUT BUT Bears Carried Out On a Stretcher
On Friday we saw what I would consider to be a powerful jobs report showing that the economy created more than 350,000 new jobs in January. That was well above the forecast of 185,000. While I am sure someone in pundit got somewhat close, the masses were largely looking for a disappointing report. The “BUT BUT BUT” crowd was out in loud fashion qualifying why this was bunk. And then the political conspiracy crowd was parading around claiming government manipulation. […]
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Date: February 5, 2024
