|
@theMarket: Markets in Pullback ModeBy Bill Schmick,
05:31PM / Friday, June 16, 2017 | |
Technology stocks continued to consolidate while the Dow made new highs and the S&P 500 Index hovered just below historical highs. Throw in the fact that the markets are notoriously slow and biased to the downside during the summer months, and you have a recipe for further consolidation.
That does not necessarily mean that we will see some sharp and painful correction in stocks. My regular readers understand that the averages could simply move sideways for a month or two before resuming their upward climb. However, within those averages, individual stocks and sectors could experience much deeper declines.
Take the present decline in the technology-laden 0 Comments
Read More >> |
@theMarket: FOMO Fuels the MarketsBy Bill Schmick,
05:43PM / Friday, June 09, 2017 | |
The fear of missing out (or FOMO) has supported the stock market averages this week. Although it appeared that the indexes simply marked time, appearances can be deceiving.
We made new record highs again this week as investors piled into stocks on any sign of weakness. The fear that stocks will go ever higher fueled those who are underweighted in equities to buy, buy buy. The S&P 500 Index has reached the lower end of my target (2,443) but could easily spike to 2,475, which is at the top of my range.
In bull markets, and this one certainly qualifies, I often observe traders attention move from concentrating on one set of sectors to focusing on 0 Comments
Read More >> |
@theMarket: Markets Still on a RollBy Bill Schmick,
05:55PM / Friday, June 02, 2017 | |
Additional gains propelled stocks higher this week with all three averages closing at record highs once again. Despite the fact that more and more experts are warning of a possible fall in the averages, investors continue to pile into stocks. Should you?
The short answer is no, wait for that decline, unless you have no exposure to the stock market. That would be hard for me to believe if you have been reading my column regularly. My readers also know that the threat of a pullback hangs over the market all the time since we can expect as many as 2-3 declines in the stock market every year.
The economy, however, is still growing enough, and interest rates are still low enough, to
0 Comments
Read More >> |
@theMarket: Markets Climb HigherBy Bill Schmick,
06:37PM / Friday, May 26, 2017 | |
In the absence of any earth-shaking news, stocks tend to follow the recent trend. That trend, since the election has been up, so ... The question to ask: when we can logically expect that trend to change?
As readers may recall, my target for the S&P 500 Index is somewhere between 2,443 and 2,475, which I expect we will hit before the end of the second quarter. This week, we broke 2,400, regaining everything that was lost in last Wednesday's 2 percent downdraft. Now, that 2,400 price level should act as a support for the bulls.
"Are you still bullish?" asked one of my clients yesterday.
"That depends upon your time 0 Comments
Read More >> |
@theMarket: The Trump DumpBy Bill Schmick,
10:09AM / Saturday, May 20, 2017 | |
Investors were shocked this week when the U.S. stock markets fell almost 2 percent in one day.
Wall Street blamed it on the growing scandals engulfing the White House. However, there was little follow through despite predictions that this was the beginning of the long-awaited pullback.
To be honest, much of the controversy coming out of Washington — demand for Trump's impeachment, obstruction of justice, witness-tampering, etc. — is simply partisan politics deliberately fueled by a biased media. All of the above, which had been building for days, finally reached the tipping point for investors. As weak-kneed day traders started to sell, 0 Comments
Read More >> |
|
|
|
| Bill Schmick is registered as an investment advisor representative and portfolio manager with Berkshire Money Management (BMM), managing over $200 million for investors in the Berkshires. Bill’s forecasts and opinions are purely his own and do not necessarily represent the views of BMM. None of his commentary is or should be considered investment advice. Anyone seeking individualized investment advice should contact a qualified investment adviser. None of the information presented in this article is intended to be and should not be construed as an endorsement of BMM or a solicitation to become a client of BMM. The reader should not assume that any strategies, or specific investments discussed are employed, bought, sold or held by BMM. Direct your inquiries to Bill at 1-888-232-6072 (toll free) or email him at Bill@afewdollarsmore.com Visit www.afewdollarsmore.com for more of Bill’s insights. |
|
|
MEMBER SIGN IN
