09/05/19

Good Evening, News of a new round of trade talks between the US and China and a good preliminary jobs report put the market back into rally mode today. It was announced that China and the US agreed to sit down and negotiate again in October. Even though it’s the same ole same ole the market ran with the news. Perhaps they will indeed have a meeting but I’m gonna have to see more before I’ll be comfortable with this ...

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09/03/19

Good Evening, The up and down market behavior continues. This weekend US and China imposed another round of tariffs on one another and the market responded with another down day. Also adding to the market funk was a manufacturing report that showed factory activity slowed down this past month. Of course that was caused by the trade war. As we have been saying, all roads lead to the trade war. However, I will add there is one issue that is ...

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08/27/19

Good Evening, And the market confusion continues. Bond yields inverted again today, the US says China called to restart meetings, China says they haven’t talked to the US, will the Fed decrease rates again in September, and on and on. It’s the song that never ends. The market is totally discombobulated! Add a few more presidential tweets to that along with some more algorithm trading and it really will be a mess. However, it will be a mess without us! ...

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08/22/19

Good Evening, The bond yield curve inverted again today but returned to normal before the end of the session. The yield curve inversion was balanced out by a better than expected weekly jobs report leaving the market undecided ahead of tomorrows speech by Jerome Powell in Jackson Hole Wyoming. Investors will be listening to the Fed Chairman closely to see what he has to say about future interest rate cuts. In his statement following the July FOMC meeting he stated ...

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08/20/19

Good Evening, A lightening up of the downward pressure on bonds and fiscal stimulus by China and Germany enticed investors back into equities on Monday. Stocks had recovered most of their losses from last Wednesday’s sell off. That is until today. This back and forth behavior has been the norm recently as stocks respond to every news item concerning the world economy in a dramatic fashion. That is especially so where news of the trade negotiations between China and the ...

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08/15/19

Good Evening, Wow is this one volatile market! I’m almost relieved when the closing bell rings. Don’t get me wrong. I have the confidence that my heavenly Father is with me but every time I take my attention off of him my flesh starts to wonder what new thing is gong to happen to send the market down. Yesterday was the worst day so far for the 2019 market. The major indices were all off in the neighborhood of 3 ...

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08/13/19

Good Evening, Today the market continued it’s bi-polar behavior by reversing and moving up again after President Trump announced that he was delaying new tariffs on Chinese products. Folks it makes you dizzy trying to keep up with all the reversals that this market is having. If you don’t like the action just wait a day or so and it will reverse! All that said, I would remind everyone that nothing concrete has changed. There is still no trade agreement ...

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08/07/19 – Interfund Transfer

Good Morning, The futures are terrible this morning and my indicators are all on now on sell signals. Where’s the bottom? I just don’t know and I have no desire to find out if it’s much lower than here. That said I’m changing my allocation to 100/F effective at the close of business today. Have a great day and may God continue to bless your trades!

God bless, Scott

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08/06/19

Good Evening, Yesterday was the worst day so far of 2019. Stocks fell when the Chinese Yuan fell to a multiyear low against the dollar prompting President Trump to declare the Chinese as a currency manipulator. The market then rebounded this morning when the Chinese surprisingly took measures to stabilize their currency above it’s then current level. This market has been and remains unpredictable and bipolar. I almost pulled the plug on stocks this morning but decided to wait and ...

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08/01/19

Good Evening, Yesterday’s FED announcement went just as we had anticipated with a quarter point rate cut. The market rallied on the news until Jerome Powell stated that this was not the beginning of a pattern but merely a mid cycle adjustment. I understand what was saying and I believe that most investors did as well. However, the high speed computer programs did not and sold the news. As you may remember I outlined possible scenarios of the market response ...

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