You know your day (and a Monday) isn’t off on the right foot when you come downstairs and almost go flying as you step with both feet into a puddle that turned out to be dog urine. Then, my Windows 11 upgrade from 10 deleted all search capabilities in Outlook and rendered my planning software useless. Not exactly the best start to the day and week. There was more tariff news over the weekend. On again. Off again. Same story. […]
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With the stock market or near all-time highs, let’s drill down and focus on my four key sectors to further gauge market health. Recall, we recently looked at new highs and then the NYSE A/D to asses market participation. The semiconductors are first. While they are not yet at new highs, it’s hard to argue that they are lagging or holding the market back. I do expect new highs this year. Banks are next. Remember all those Chicken Littles crying […]
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Another quick blog as I get ready for media today and tomorrow in NYC as well as prepare for our quarterly webinar series tonight at 8pm. The NASDAQ 100 has been leading the rally which is a good thing. As I wrote the other day, new highs have been expanding, also a good thing. The NDX below is but a day from new highs. I cannot believe the only pullback we will see has already been seen this week. That […]
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I hope everyone had a great long July 4th weekend! This is a super quick update as I am trying to wrap up end of month, quarter and half year reconciliation. One of the main complaints from the bears about the rally is that not enough stocks are hitting new highs. And they have been correct. That’s typical of year three in a bull market. However, the chart below shows a resurgence in new highs late last week. While it’s […]
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It’s the end of a holiday-shortened week. I love these weeks. Today should be on the quiet side with many folks taking off early or the whole day or the entire week. As you would imagine so much of the geopolitical complaints has totally calmed down. New, all-time highs will do that to folks. My Twitter feed stopped crying about 401Ks turning into 201Ks. As I continue to write, I beg and implore folks to ignore geopolitics when it comes […]
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First half of the year is in the books. I will have tons to say about that another time. However, it continues to amaze me how many large and small investors reacted so emotionally in early April during the tariff tantrum and missed out on one of the best quarters in years. It’s so beyond perplexing that supposedly smart people ignored data for so long. As we begin July, we know that the month closes up an average of 1.5% […]
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I think this is going to be a quick update as I am grinding on end of month and quarter portfolio work. Almost three months ago as the global markets plunged into the abyss and the masses were screaming about geopolitics and a repeat of 2008, I shared that our studies were 80% in favor of new highs late this year or Q1 2026. And I was almost the lone wolf in that regard. Pervasive chatter about Armageddon was abound. […]
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As I wrote about on Monday, there was all kinds of hysteria over the weekend about stocks crashing and oil spiking. Some newly minted experts even said the US would be in recession “within days”. A funny thing happened on the way to a 2008 redux, the markets did the exact opposite. Look at crude oil below on the far right. From $78 to $64 to just two days. An awful lot of dumb money poured into oil right before […]
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It’s another geopolitical Monday. And as usual, we have all these newly minted pundits and experts on the Middle East. Also, as usual we have the masses already embarrassingly wrong. The nonsense I read being bandied about over the weekend was beyond laughable. Calls for a global stock market crash with oil spiking $50 were patently idiotic. I think some folks literally sit around hoping and praying for global demise. Early Sunday evening, pre-market action showed stocks being down roughly […]
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It has been a quiet week for stocks, but you would have concluded that had you listened to all of newly minted geopolitical experts calling for WWIII, oil to $150 and risk assets crashing. Once again, managing money by using global events is a fool’s errand, not that those events won’t impact. It’s just that the world is always, always, always a volatile place. Iran, Russia, China, Gaza, COVID. There is always something. When investors make emotional decisions based on […]
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