04/06/2021

Good Evening, The market these days is clearly bifurcated with different leadership on different days. One day it will be stocks moving higher that are expected to be favored by the economic recovery such as consumer cyclicals. The next day those sectors will be down and the technology stocks that led last years comeback will be moving higher again. About every third or fourth business day both the tech and recovery plays will rally. The market seems confused and that ...

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03/29/2021

Good Evening, Before I get started on this crazy market tonight I wanted to take time to introduce you to a good friend of mine who I work closely with and have come to trust over the years. For some of you this will be a reintroduction because he helps many folks in our group before, during, and after retirement. As most of you already know I am not nor do I want to be a certified financial advisor. I ...

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03/23/2021

Good Evening, First let me say that I get a lot, I mean a lot of messages when the market sells off. I do my best to answer them all but I’m sure that sometimes a few of them fall through the cracks. So please accept my apology if I missed you!

Last fall we talked about the implications of a new administration in the White House and how it might effect the market. I hate to even mention it again ...

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Good Evening, I could write a book about what’s going on right now, but I don’t think I’ll do that. Sometimes the simple approach is the best approach. Say what you’ve got to say and get it over with……  Well here it is. Tomorrow is if not the most important then one of the most important market days this year. The March Fed meeting concludes and they will make a statement concerning current monetary policy following the close of the ...

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03/09/2021

Good Evening, Praise God! We may have found the bottom to the current sell off today. By the matter of fact some of my indicators were signaling that we might be near a bottom this weekend. I posted it on our Facebook page to encourage some of you folks that might have been faltering just a bit. After all, this was a quick and painful correction that tested the conviction of many investors. Today’s bounce was a strong one. The Nasdaq ...

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03/02/2021

Good Evening, The market continues to be shaped pretty much by the same dynamics that have moved it since last summer. Covid-19 (Cases and Immunization), The economy (Reopening and Jobs Jobs Jobs), Pandemic Relief in Congress (passed in the house, currently in the Senate), and one new issue treasury bond rates (mainly their anticipated effect on interest rates and high flying tech stocks that have led the market higher heretofore). I could talk about that last one for a long ...

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02/23/21

Good Evening, My my, fear was in the air this morning. Panic selling was front and center and why not, the noise err that is…. news was reporting that traders were concerned that rising treasury rates would drive up inflation and thus bring about higher interest rates. Well, I guess if we have a whole whole lot more of these raising treasury rates that might happen, but I just don’t see it now and you know what the most important ...

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02/16/2021

Good Evening, The market was up early and then reversed in the afternoon after investors became concerned about higher treasury yields. A new crisis! I guess they have to have something to fret about since Covid 19 and the economy are slowly starting to improve. So why are they worried about treasury yields moving higher?  Rising treasury rates make bonds more desirable and take the luster off of stocks. Especially bond proxies like Utilities and Reits (Real Estate Investment Trusts). ...

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02/09/21

Good Evening, As we anticipated early last fall this market is starting to check all the boxes. The overall cases of Covid 19 are starting to to drop just a little and the distribution of the vaccine is starting to accelerate, check. Over 80% of companies that have reported so far this earnings season have beaten estimates, check. A large 1.9 Trillion with a T dollar stimulus bill is on it’s way through congress (paying for it all will come ...

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02/02/2021

Good Evening, I honestly think that do to all the additional readily available sources of news that we have nowadays that news gets over sensationalized and causes oversized reactions to everything. The market rallied again today after last weeks sizable selloff caused by the short squeeze of Game Stop (GME) stock which was fueled in turn by the unprecedented use of social media by smaller investors to embarrass some well known hedge funds who were attempting to make money by ...

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