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@theMarket: Record Highs Again & AgainBy Bill Schmick,
04:41PM / Friday, November 15, 2019 | |
It has been one of those weeks where just about every day the stock market opened lower. But by the end of the day, one or more of the three main averages would rebound and close higher, usually close to, or at a minor new high. I expect it should continue.
And as stocks grind higher, more and more equity players are calling for a minor 2-3 percent pullback. Is that something that we should even care about? My answer would be no.
We are in a news-driven market. Most investors only seem to care about the latest news on a China trade deal; that said, being out of the market appears to be riskier than being in it.
Many believe we are only 0 Comments
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@theMarket: Phase One Deal Keeps Markets BullishBy Bill Schmick,
04:37PM / Friday, November 08, 2019 | |
It was all about the trade deal this week. Both sides seem to want a resolution to the crippling tariffs that have sent the world's economies to the brink of recession. The relief that investors feel is reflected in the new highs we are enjoying at the moment.
I say "at the moment" because anything can change with a tweet. However, given the mounting problems of the Trump presidency, I believe he needs something positive (and fairly soon) to divert the nation's attention away from the impeachment hearings next week.
Trump appears willing to drop, or at least roll back, some (or all) of the tariffs he put in place, but he can't be seen 0 Comments
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@theMarket: Will Record Highs Beget Record Highs?By Bill Schmick,
05:00PM / Friday, November 01, 2019 | |
As third-quarter earnings wind down, the Fed cut interest rates again this week. Since both events seemingly matched investor expectations, what, then, will investors worry about in the coming months?
As predicted, the S&P 500 Index hit a modest new high this week based on the central bank's one quarter-point cut of the short-term Federal Funds interest rate on Wednesday. Robust earnings from certain favored companies, like Apple and Facebook, also helped sentiment and so the averages ground higher.
"You would think," said one miffed investor, "that after two years trapped in a trading range, we would have had a little more enthusiasm 0 Comments
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@theMarket: Earnings Give Mixed SignalsBy Bill Schmick,
03:57PM / Friday, October 25, 2019 | |
So far, third-quarter earnings results have been all over the place. A mixed bag of beats, in-line numbers, and some big disappointments have kept the stock market treading water.
Companies such as Caterpillar, with large exposure to China, came in with lower than expected results. Boeing, another big Dow stock, also reported a 50 percent slide in earnings thanks to the problems generated by two crashes of their 737 Max aircraft. And yet, both stocks rallied on the news.
Semiconductor company Texas Instruments also issued poor earnings, sales, and guidance, but in this case, investors not only punished the stock but trashed the entire semiconductor sector 0 Comments
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@theMarket: Markets Await a Brexit VoteBy Bill Schmick,
10:56AM / Saturday, October 19, 2019 | |
Great Britain's House of Parliament is voting on yet another proposal to exit the European Union this weekend. While Prime Minister Boris Johnson and the President of the European Union, Jean-Claude Juncker, have a tentative agreement, there is no guarantee parliament will vote for it.
In this world of binary events, financial markets are looking at the vote as a black or white outcome. Parliament votes yes and the British pound, world stock markets, and the European Union (EU) celebrates. If, as they have done in the past, the British politicians vote no, then gloom and doom will likely beset the markets.
My own opinion is that a no vote will simply 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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