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@theMarket: The Market's Winter StormBy Bill Schmick,
03:28PM / Friday, December 14, 2018 | |
Stocks worldwide have experienced a downdraft since October. All the gains so painstakingly made thus far in 2018 have been erased. Volatility has battered markets with all the severity of a Nor'easter. Next year may prove to be a continuation of the same.
It is interesting that the culprits responsible for this change of heart in the markets have been around for just about all of the past year. Leading the list is Donald Trump. It was our president that decided to wage a trade war against the world. There has been little success in his battle thus far. The prospect of more of the same faces us well into the new year.
The Federal Reserve Bank can also 0 Comments
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@theMarket: Markets Hope for Trade BreakthroughBy Bill Schmick,
05:13PM / Friday, November 30, 2018 | |
This Saturday evening, Donald Trump and Xi Jinping will sit down to dinner in Buenos Aires at the G-20 conference. Investors are holding their breath, hoping that the two might come to some agreement that could lower tensions and avert a full-out trade war between the U.S. and China.
Given past rhetoric and the president's mercurial temperament, anything could happen. Xi Jinping and his advisors, after years of dealing with Washington, believe if they just hang tough and wait Trump out, the outcome will be "business as usual" on their terms.
Unfortunately, Wall Street and the media have created another binary event out of the dinner. Either 0 Comments
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@theMarket: It Is a Black Friday on Wall StreetBy Bill Schmick,
11:11AM / Saturday, November 24, 2018 | |
Black Friday sales are in full swing. Normally, today is all about the retail trade. Consumers spend the day waiting in line, picking up heavily discounted "door buster" deals, and generally starting their holiday gift shopping. This year, it appears traders are also holding their own Black Friday sales.
The day after Thanksgiving, the stock and bond markets are open for a half day. Few turn up for work, so trading desks are usually manned by a skeleton crew, volumes are light and the indexes meander about the center line. As such, what happens on Black Friday has little consequence in the grand scheme of things.
The real action is before a 0 Comments
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@theMarket: Markets Need to Hold HereBy Bill Schmick,
01:24PM / Saturday, November 17, 2018 | |
This week saw a re-test of the October lows. That is to be expected in most stock market corrections. What is important to the future well-being of equities globally is that the averages do not decline much further from here.
That does not mean that if the S&P 500 Index, for example, falls by another percent or so the ball game is over. Remember, folks, calling the levels of the stock market is an art, not a science. Sure, we could overshoot (most times we do), thrash around a bit more, and then recover. What I don't want to see is a solid and definitive drop lower over a week or more.
On the S&P 500, if we were to break 2,685, the next level of 0 Comments
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@theMarket: Stocks Take a BreatherBy Bill Schmick,
06:23PM / Friday, November 09, 2018 | |
Stocks are in the process of consolidating after the big gains over the last week or so. So far, the October sell-off has led to a recovery of about half of what was lost. In the two months ahead, we should see even further gains.
No matter how much we would like it to, the stock market rarely goes straight up. It is one reason why I constantly advise clients not to check their portfolios on a daily, weekly, or even monthly basis. And never check them in down markets. Why put yourself through that emotional turmoil — especially when you have no intention of using the money anytime soon.
As we now know, the Democrats regained the House this week. As I, 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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