SPECIAL Fed Day Update – Powell Has Cover to Cut
BREAKING NEWS: Fed Leaves Interest Rates Alone – No Change in Balance Sheet Reduction Now you don’t have to wait until 2pm to learn the news that everyone knows already. Powell’s press conference may be a different story. Let’s start with the model for the day which is plus or minus 0.50% for the S&P 500 and then a big move after 2pm. Pre-Powell, that move was higher. Jay hasn’t been as kind to the market as his predecessors. With […]
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Date: January 31, 2024
Huge Week Ahead
Last Friday’s blog, The Ducks Are Quacking – Most Selling I Have Done Since 2022, certainly generated a response. I do enjoy hearing from readers, whether you agree with my thoughts or not. I had to remind people that I am not turning outright negative and we still have a significant amount of “risk on” exposure, especially in our aggressive strategies. However, where we had more than 100% exposure in other strategies or where I saw odd underperformance, I reduced […]
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Date: January 29, 2024
Building Enduring Wealth: Your Guide to Thriving at 100 and Beyond
In today’s world, where medical advancements, healthier lifestyles, and new technologies are extending life expectancies, living to 100 or beyond for one or both spouses isn’t just a possibility—it’s increasingly likely. This begs the all-important question: Have you saved enough to sustain your retirement lifestyle and financial security for 35 years? This is especially relevant if longevity runs in your family. This extended time horizon demands a fresh perspective on retirement planning that goes beyond traditional strategies and embraces the […]
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Date: January 26, 2024
The Ducks Are Quacking – Most Selling I’ve Done Since 2022
There is an old expression in the markets. When the ducks quack, feed them. It means that when investors crave something, give it to them. Those rare times usually fall at market peaks as the masses are not known for good timing. As bad as Merrill Lynch may be at a whole host of business things, I will give them credit for creating all sorts of Dotcom products in 1999 and 2000 to feed the insatiable appetite of investors in […]
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Date: January 26, 2024
Five Smart Money Moves to Make in Your Early 50s
As the saying goes, “There’s no time like the present.” As you approach your early 50s, planning for your retirement should be a high priority, even if your retirement date is ten or more years away. You’re in your prime earning years, so it’s an ideal time to refine your financial strategy to ensure you achieve your goals for a comfortable, secure retirement. While you are beginning to see a glimmer of light at the end of a tunnel, now […]
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Date: January 22, 2024
BUT BUT BUT For The Bears – Not All Rainbows & Unicorns For The Bulls
I hope everyone survived the cold. I got to visit my favorite bagel place on earth, Ess-a-bagel, twice over the weekend as well as meet and chat with one of my favorite Yankees, Al Leiter. The markets start the week at all-time highs. Let that sink in for a while. While the bears have doubled and tripled down this year with the nonsensical, BUT BUT BUTs, the bulls have gone about their business after the brief pullback. The Dow Industrials, […]
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Date: January 22, 2024
Bulls Refuse To Cede Control
The first three days of this holiday shortened week have been interesting in that the headlines and media have been on the negative side, but stocks are trying to push higher to new highs. The S&P 500 is below and you can see that after Thursday it is once again just one good day from that horizontal blue line which is intra-day new highs. Closing new highs is lower at 4794 which may be seen today. The Dow Industrials and […]
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Date: January 19, 2024
Fearless Forecast 2024 Part II – Bonds, Gold, Oil, Bitcoin, Economy, Fed & Election
I am going to continue with my 2024 Fearless Forecast in piecemeal fashion and then post one very long blog for posterity. Fixed Income I don’t think 2024 will be a big year for bonds in either direction. Let’s start right there. Overall, I think they are in a trading range bound by 2023 high and low. If I was forced to offer a scenario for the year, I would say that bonds are weaker earlier in the year and […]
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Date: January 18, 2024
For All The Negative Fanfare, Stocks Remain a Whisker From ATHs
Let’s take a step back and get away from the media’s hyperbole and hysteria regarding the two inflation reports last week. Essentially consumer prices were a little hotter and producer prices were a little cooler. That’s really it in a nutshell. The market was pricing in up to 7 rates cuts in 2024 which I have viewed as insanely absurd. As I mentioned on FOX61 the other day, if the Fed has to cut anywhere near 7 times, we will […]
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Date: January 14, 2024
Fearless Forecast 2024 – Stock Market To Tack On Another 11-15%
I had hoped to communicate my full 2024 Fearless Forecast with a grading of 2023 in one email. That’s not happening. Too much info. So I am sharing the largest portion first, my forecast for the stock market. 12 months ago, I had a lot to say. However, most people could say that about me on any given day. As 2023 began, the masses were universally aligned in the bear camp, the doomsday camp and even the Armageddon camp. Almost […]
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Date: January 10, 2024
Strong Q4 > Weakness in January, But How Much?
Thank you to those who attended our quarterly webinar last night. We covered a lot and I appreciate your time. The archive will be available today and emailed to all those who signed up. My 2024 Fearless Forecast turned out to be a whole lot longer than I anticipated. I know. I know. You’re really shocked. So, I decided to release the equity market portion first and then the rest. If all goes according to plan, you can expect that […]
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Date: January 8, 2024
Santa Did Not Call But Be Careful With Bears Coming to Broad & Wall – Bumpy is The Theme
Greetings from Beantown, one of my favorite cities. I have been traveling for work since 1989 with thousands of trips I guess and I have never forgotten my clothes. That is, until last yesterday. My plan was to head to Vermont from Boston and I have everything I need in Vermont. So as I am scrambling to get on the road with my UCONN napsack, I left the articles of clothing I needed behind. I did manage to bring a […]
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Date: January 5, 2024
2024 Begins on Defense – Buy Weakness – Enough Said
Welcome to 2024! I hope you had a great long weekend. Mine was full of football, family, friends along with some yard work, the UCONN game and some office time. For the bourbon aficionados out there, I won an auction of various labels from the Buffalo Trace family that included three bottles of Wellers. Still no Pappy Van Winkle, but I won’t give up hope. For me this is traditionally the busiest week of the year inside the busiest month […]
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Date: January 2, 2024
Hartford’s Top Financial Advisor Reveals Retirement Strategies for 2024
Gone are the days when a lifetime career with one employer led to a secure pension payment for the rest of your life. Now, the responsibility for building a retirement fund primarily falls on individuals with matching employer contributions. Retirement planning in 2024 is another opportunity to add to your retirement assets. For many, saving enough assets for a comfortable, secure retirement is a significant challenge. Several variables can impact the accumulation of these assets: Inflation, taxes, rising life expectancies, […]
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Date: December 29, 2023
Final Day of 2023 Shaping Up To Be Down – Small Caps Have Been a Blockbuster
I have said this all year, but what a fun year it has been. Not only did the markets follow my script fairly well, but it was a blockbuster year for the bulls and investors. I don’t think 2024 will be a mirror image. I am sad to see the calendar turn, but random dates do not impact markets. I continue to formulate my 2024 Fearless Forecast and I look forward to sharing that with you next week. With markets […]
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Date: December 29, 2023
Every Month Counts: 2024 Retirement Planning Made Simple
As a fee-only fiduciary financial advisor in Hartford, CT, taking a more defensive approach to retirement planning is important, especially when the securities markets are extremely unpredictable. Based on that, we have developed a 2024 retirement planning calendar that lists the many unknowns that could impact your retirement plans next year: persistent inflation, rising interest rates, a 2024 Presidential election, and continued market volatility. Regardless of what happens in the economy or stock market in 2024, your retirement plan should […]
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Date: December 27, 2023
Bulls’ Stampede Continues – “BUT BUT BUT”
Stocks continue to creep higher as I have been discussing and as the various studies have suggested. I went back to see when I started mentioning strong seasonal tailwinds. It was at the end of October, coincidentally as the stock market was hammering in a major bottom. Since then with the exception of two weeks in December with seasonal headwinds, there has been study after study all suggesting higher and higher prices into year-end. This has been yet more evidence […]
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Date: December 27, 2023
Panic Selling At All-Time Highs – What It Means
On Wednesday I wrote about runaway momentum and how it crushes everything in its way until it doesn’t. That very day and without notice, stocks saw a nasty downside reversal in matter of minutes that turned to hours. Some in the media made a federal case about it. I even heard one interviewer ask a guest to comment on the importance of the last 20 MINUTES. Come on. 20 minutes? Are we next going to discuss minute to minute trading? […]
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Date: December 22, 2023
Runaway Momentum Crushing Everything In Its Way
It is pretty amazing what momentum can do in the markets. Once that ball gets rolling strongly in one direction it can powerfully build and build and then crush everything in its way, kind of like an avalanche which I know a little about. Let’s take a quick look. Below is the S&P 500. From the October bottom you can count only a few red days where the index closed below where it opened. Now, go see how many times […]
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Date: December 20, 2023
Watching Small Stocks For Another Huge Opportunity As Dow Hits An ALL-TIME HIGH
We have an incredibly wet and windy start to the week in the northeast. Lots of power outages, school delays and trees down. It’s 60 with inches of rain and rumors of hurricane force wind gusts. I guess a white Christmas is a pipe dream. The bulls don’t seem to mind. We have the Dow Industrials at an all-time high. The S&P 500 is just a good one day rally away. The NASDAQ 100 could get there today. And while […]
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Date: December 18, 2023
