A year ago the title of that week's musings was "What can go wrong?" In it I identified the 4 pillars of the amazing stock market rally: Federal Reserve Support, Congressional Spending, Improving Economy, and the decline of COVID. I followed that with a list of things that could
The first quarter generated plenty of news and market fluctuations. We saw some of the worst losses as well as the biggest gains since 2020. Long-term bond yields jumped nearly 1% and the Federal Reserve finally decided it was time to pull back their COVID stimulus. Sentiment plummeted in
The confidence some prognosticators have in their outlook and advice they give on television never ceases to amaze me. Of course, they aren't held responsible by their clients and advisors for their advice. Regulators do not force them to document and disclose the performance of their advice. And most
I often tell people the thing that causes the NEXT market correction is rarely something any of us predicted. There are usually outside forces that can impact the markets. Often it is the REACTION to the EXPECTED event that causes collateral damage. It's far too early to look into
"Don't fight the Fed" - Marty Zweig
Marty Zweig was a famous investment advisor and stock trader for his disciplined approach. This approach helped him warn clients about both the 1987 crash as well as the bursting of the tech bubble. His book, "Winning on Wall Street" contained a list
