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@theMarket: Markets Remain Range-BoundBy Bill Schmick,
04:18PM / Friday, July 20, 2018 | |
It's the same old song. It has been playing over and over since the end of January. Higher interest rates, a stronger dollar, and, of course, the inevitable and meaningless stream of tweets from our Tweeter-in-Chief are keeping stocks range-bound. How long will this condition persist?
Both the Dow Jones Industrial Average and the S&P 500 Index have now posted their longest consolidation since 1984. The two indexes have been in correction territory for 113 trading days. That is a longer stretch than we have seen in decades — including the period of the 2008 Financial Crisis.
In 1984, it took the S&P 500 Index 122 days to emerge from the 0 Comments
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@theMarket: A Wash-Rinse-Repeat MarketBy Bill Schmick,
04:07PM / Friday, June 29, 2018 | |
There was nothing to see in the markets this week, simply more of the same crisis news that may keep the media happy, but no one else. Tariffs and trade remain in the forefront and will continue to do so. What should investors do?
Just move on and enjoy your summer. The Fourth of July falls in the middle of the coming week with stock markets closing for half the day on Tuesday. As such, many professional traders will take the entire week off. Given that the Northeast faces their first summer heatwave as well, the corridors of Wall Street should be quite empty.
So whatever ups and downs the stock market may have next week will mean little to 0 Comments
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@theMarket: Ignore the Noise and ProfitBy Bill Schmick,
03:51PM / Friday, June 22, 2018 | |
The world is in turmoil. The news is all bad. Trump is threatening to up the ante on tariffs. NAFTA is kaput. Our trade partners hate us. China won't back down and, if you have time to spare, you are reading about immigrant kids locked in Texas dog cages by order of the president. So why is the stock market holding up?
The fundamental reason remains the same. Under all the muck, there is and will continue to be a bid under the stock market. In past columns, I have explained why — corporate stock buybacks, M&A, higher dividends coupled with a strong economy and low-interest rates.
If you look at the technicals, which I do, every sell-off seems 0 Comments
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@theMarket: Trump's $50 Billion in Chinese Tariffs Trashes MarketsBy Bill Schmick,
10:46AM / Saturday, June 16, 2018 | |
Investors waited all week for President Trump's verdict. On Friday, he did not disappoint his followers. He decided to move ahead with plans to slap $34 billion in tariffs on Chinese imports. Stock markets worldwide fell on the news as investors await a Chinese response.
And China will respond. Chinese trade officials have already outlined their planned retaliation. China will match Trump's 25 percent tariff on 818 products by doing the same on 106 American goods worth about $50 billion.
We can expect an accelerating war of tit-for-tat tariffs in the weeks ahead. For example, the United States Trade Representative plans to add an additional 284 0 Comments
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@theMarket: Another Week of Market VolatilityBy Bill Schmick,
04:29PM / Friday, June 01, 2018 | |
As the month wound down, so did stocks. Pronouncements from Washington dominated the market's direction on a daily basis. We can expect to see that trend continue as the summer doldrums reduce liquidity and exaggerate market swings.
The adage of "sell in May," however, did not fulfill the bears' expectations this year.
Actually, the month of May has been pretty good for stocks recently. The S&P 500 Benchmark Index gained a smidge over two percent for the month this year. That's not to say those gains were easy. The stress level for those who are trying to trade this market is through the roof.
And that's because 0 Comments
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| 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. |
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