Almost every week someone asks me whether or not this is the market top and every time I have a similar answer – until the money stops pouring in, none of the “lesser” issues matter very much. Technicals, sentiment, geopolitical issues, Covid news – all of that has had fleeting effects on the equity markets….
Earlier this month, we talked about recent and potential future financial bubbles. There has been, what I’ve called, a “money storm” in the U.S. (and similarly in many other countries) coming from continued Federal Reserve monetary stimulus and from fiscal stimulus delivered by congress. Here’s a picture of the ongoing massive expansion of the Fed’s…
Greetings from Old Orchard Beach in Maine. I’m up in the lovely Pine Tree State with my wife visiting my brother-in-law and we decided to go to spend a few days in the lovely “old school” beach community and, of course, to eat lobster. Lobster rolls, whole lobsters, lobster salad—I’m not picky… I’ve shared before…
Back in 2019, I wrote of series of articles about bitcoin and declared that traders and investors were treating it as its own asset class. That part has not changed. When we look at bitcoin action today, it does not directly correlate for any length of time with any other asset class. But what is…
A month ago, I wrote about inflation concerns that had pushed the markets down to key support levels in an article entitled “Is Inflation Transitory and Can the S&P 500 Hold the Line?” Here is the original “hold the line” chart: And now we have the answer to that question: The line held, coinciding directly…
[vc_row][vc_column][vc_column_text] Many folks in the U.S. are returning to summer travel schedules. And like so, so many other things – the cost of travel has skyrocketed. In late May of 2019 (before COVID), my wife and I spent a week on the Gulf Coast of Florida for a little R&R. We rented a car at…
[vc_row][vc_column][vc_column_text] The S&P 500 has closed within 5% of its record high for 119 trading days. That’s the sixth-longest streak since 1998, and it ranks up there with the “boring” periods of the last cycle (2013, 2014, 2017). – Callie Cox via Twitter Callie Cox’s post is telling – we have spent many months at…
[vc_row][vc_column][vc_column_text][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] An object in motion tends to remain in motion until acted on by an outside force.–Simplified version of Newton’s First Law My Grandma Seymour was a gracious woman. A Godly and wise woman. A woman of exceptional beauty. People often mistook her as my Mom’s sister – much to Mom’s chagrin. Above all, she…
This week, let’s look at something short and sweet. The Nasdaq has been the go-to for overachievement in recent decades. Yes, it has been an up and down ride, especially if you go all the back to the Dot.com bubble, but the last 12 years have been largely a one-way ride: The line…
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Learn five pillars every trader must master. Download your free copy and take the first step to achieving trading excellence.
Learn five pillars every trader must master. Download your free copy and take the first step to achieving trading excellence.
