A Total Eclipse of The Cloud

A Total Eclipse of The Cloud On Monday, 8/21/17, there will be a total solar eclipse and I am here in Newport, Or which is in the path of totality and I’m looking forward to viewing this rare event. So, of course I had to tie “eclipse” into the update somehow. And the title, “Total…

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Loaded but maybe not locked

Loaded but maybe not locked Of course, I’m keying off of the phrase “Locked and Loaded” that President Trump has been using to describe the US Military’s readiness to respond to North Korea. Since that phrase is in play, I thought I would use it for this week’s market update. The major indexes are certainly…

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The FANGS are coming out

FANG is an acronym that you hear a lot lately in the financial press. Of course, it stands for: Facebook, Amazon, Netflix and Google. These are the new technology driven, market leading, iconic companies that a lot of market participants watch closely. If you remember back in the mid-to-late 1990s, investors referred to Cisco, Dell,…

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Up, Up and A . . .Where?

The S&P 500 put in a new record closing high on Monday, 6/19/17.  So, are we “Up, Up and Away” from here?  Maybe . . . but maybe not.  Interestingly, the NASDAQ did not follow.  Historically, the NASDAQ often leads the overall market and right now, it is looking a little Bearish. I am not…

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Simon Says, “Go Long (or Short)”

Do you remember the children’s game “Simon Says?”  In the game, participants must follow the leader’s instructions only if prefaced by “Simon Says.”  For example, if they say, “Simon says jump,” then everyone who jumps stays in the game.  If the leader says, “raise your right hand” without the preceding phrase, “Simon Says” and you…

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And the Band Played On

The phrase “And the Band Played On” is a reference to a 1980’s film of that title that documented the growing AID’s epidemic and the reluctance of global governments to acknowledge it or to take any action. It seems apropos to the current market conditions.  Despite the age of the current Bull Market (eight years)…

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Global warming . . . markets that is

Regardless of individual views on global warming, the fact that global markets gave a warm reception to President Trumps announcement on America pulling out of the Paris agreements is indisputable. I am careful to not make this newsletter a commentary on political matters—there are plenty of forums for that.  But, political actions do affect the…

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Tone deaf or right on pitch?

Is the market “tone deaf” and just not hearing warning signs and continuing to put in new highs when the participants should be being more cautious?  Or, is it “right on pitch” and listening to the correct inputs? You can make a case either way.  I focus on trading the reality of the market and…

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How Lowe can it go?

I spelled low “Lowe” since Lowe’s is reporting earnings this week and that is likely to be a bit of a bellwether for market sentiment. Earnings season is winding down and Lowe’s is one of the biggest, most important companies left to report.  They will release earnings before the open on Wednesday, 5/24/17 and expectations…

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C’était étrange (That was weird)

What was weird? The overnight market open was a little weird. I gave the French spelling of it, because of course, this is a reaction to the French Presidential election. The first weird thing is that this is the first major election in recent memory that the polls got right. Remember Brexit and the US…

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