“I don’t know about you, but I tend to stop spending when I have either (1) less income, or (2) no access to credit, not when I wonder about politics. We’ve had drama and tweets for the better part of 2 yrs, yet confidence and spending has held up well.” …Tony
Depending who you ask, today is either the day the S&P 500 celebrates its longest bull market ever or it’s just another Wednesday in August. As regular readers probably know, we’re in the latter camp since we think in terms of secular bull markets, with secular in this
“Barring a breathtaking plunge, the bull market in U.S. stocks on Aug. 22 will become the longest in history, and optimistic investors argue it has miles to go before it rests.” . . . MarketWatch Wrong, wrong, wrong, and wrong. A financial advisor emailed us a MarketWatch
“One of the greatest birds I have ever had is called a ‘Turducken.’ A chicken inside a duck inside a turkey. That’s one that I love. I’ve done it a couple of times.” . . . Guy Fieri, American restaurateur, author, game show host, and an Emmy Award w
“My greatest strength as a consultant is to be ignorant and ask a few questions.” . . . Peter Drucker, management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation. Andrew and I fi
The call for this week: A short-term trading top is due after a failed attempt by the SPX to trade out to new all-time highs. However, it is just that, a short-term trading “call.” Finally, readers of these missives know that for the past two years we have counseled that i
“The S&P 500 closed at its highest level since Feb. 1 as Alphabet’s blowout results bolstered expectations of a robust earnings season. Shares of Alphabet (aka, Google) jumped 3.89 percent after the online search giant’s quarterly results trounced Wall Street est
Predicting the future is hard. We have all seen the limitations of statistical models and betting markets across many different areas in the past few years – from politics to sporting events – but the financial markets are one area in particular where predictions often fee
The call for this week: Believe it or not, the McClellan Oscillator is not overbought despite last week’s rally. And as Barron’s wrote in today’s edition: If history is any guide, the stock market should have a decent 2018 second half. Research outfit Bespoke Investm
