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Category: Paul’s Insights

Big Market Day – Hard to Find New Buys

It’s such a big day today. First, we have one of the highest profile IPOs of all-time coming out today on the NASDAQ in Coinbase, the cryptocurrency supermarket. All I hear are people just gushing about the company and saying that no one should worry about its Dotcom’esque valuation. One analyst is calling for $600 while a pundit was in the four figures. Good thing we don’t have epic greed and euphoria! Q1 earnings season also kicks off today with […]   Read More
Date: April 14, 2021

Bulls Large and In Charge as Inflation Runs HOT

Friday was yet another win for the bulls although the market’s internals were nothing to celebrate. They weren’t negative, but they were less than inspiring. This has been an on again, off again thing, but I won’t start to worry unless it becomes consistent. When I look at the indices the Dow Industrials and S&P 500 are behaving the best, followed by the NASDAQ 100 and S&P 400. The Russell 2000 (small caps) is lagging and looking like it wants […]   Read More
Date: April 12, 2021

Tech Back In Vogue as Earnings Season Set to Begin

Stocks and the financial markets continue to behave well. While we remain in the world of epic greed and euphoria it is still balanced off by a solid market foundation and upward momentum. Eventually one will fade which will lead to an outsized move in one direction. My strong sense is that it will be the latter and a 10%+ correction will ensue down the road. Although April is only a week old we have seen a reversion back to […]   Read More
Date: April 7, 2021

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 […]   Read More
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 […]   Read More
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 […]   Read More
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 […]   Read More
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 […]   Read More
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 […]   Read More
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 […]   Read More
Date: March 19, 2021