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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01/25/2021

Good Evening, Can they or can’t they….that is how the market is trading right now. Can they pass a stimulus bill or can’t they. Can they get people vaccinated or can’t they? Can they stop Covid 19 before new vaccine resistant strains develop or can’t they? Can they get their mind off of partisan politics long enough to do any of the things I already mentioned or can’t they? In the same breadth can they impeach former president Trump and ...

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01/19/2021

Good Evening, Well we’ve gotten off to a decent start in 2021 despite all the political stuff that’s going on. That just tells me that if they will just get out of this markets way it will roll! The main theme despite the sideshows continues to be the prospect of a new stimulus plan. With the Democrats having the upper hand in the House, Senate, and White House there is no doubt that this will get done and that it ...

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01/12/2021

Good Evening, Today the market was focused on possible economic stimulus and political turmoil. The major indices finished flat kept in check by large social media firms that traded lower on concerns of increased regulation. The communications services sector was the biggest percentage decliner of the S&P 500’s 11 major industry indexes as investors were worried that big social media companies such as Twitter and Facebook could come under increased regulatory scrutiny. “A lot of what we’ve seen today and we’ve seen ...

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01/05/2021

Tonight we have a market that could move either way. I honestly can’t tell you which way it will go. We have a greater supply of  vaccine balanced by a greater number of Covid 19 cases. Not to mention a new mutated strain of corona virus. We have Senate runoff elections in the sate of Georgia that will determine the balance of power in the Untied States Government (More on that later)….and we have a potential powder keg with ongoing ...

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