February Monthly Newsletter

[media-downloader media_id=”4461″ texts=”Download PDF” class=”cherry-btn”] January 2020 Index YTD Month Dow Jones -0.88% -0.88%  S&P 500 -0.04% -0.04% NASDAQ +2.02% +2.02% Barclays +1.92% +1.92% 10-Yr Treasury yield was 1.91% at the start of 2020 and 1.50% at the end of January.   Markets   Despite two brief dips in January, the stock market managed to …

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February Monthly Newsletter

Disagreement Deepens Between Stock Market and Logical Bond Market Recently I pointed out that the current blow-off top rally happening on Wall Street is a good illustration of why the bond market is said to be smarter than the stock market. The stock market—which is driven mainly by emotion and animal spirits—has continued to soar …

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January Monthly Newsletter

December 2019 Index YTD Month DOW +25.07% + 1.86% S&P500 +31.19% + 3.00% NASDAQ +36.55% + 3.64% Barclays +8.71% – 0.60% 10-Yr Treasury yield was 1.77% at the end of November and 1.91% at the end of December. It began the year at 2.68%, giving us a TR of +8.8% for 2019. Market The stock …

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January Monthly Newsletter

2020 Market Forecast: Blow-Off Top Could Last All Year Before Reality Hits In last month’s newsletter, I noted that the stock market rally that began in November and continued through the end of the year had all the earmarks of a classic blow-off top, which is a period of fairly steady market growth that occurs …

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December Monthly Newsletter

New Market Highs Suggest a Classic ‘Blow-off Top’ May Be Underway After months of steep drops and cautious rallies, the stock market enjoyed fairly steady growth in November, with the Dow Jones Industrial Average, S&P 500 and Nasdaq all hitting multiple new record highs. Investor optimism was fueled mainly by the possibility that a partial …

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