It Is Time To Be Selective, Not Bearish -

It Is Time To Be Selective, Not Bearish

Aug 25, 2024Jeremy ParkinsonFinance, No picture0

No wise pilot, no matter how great his talent and experience, fails to use a checklist. – Charlie Munger

Market CommentaryThe Bull market gained strength, shake out completed, bears bewildered.

The bull market reasserted itself in a big, broad, and powerful V shaped rally.

The number of 52- week low count is almost non-existent, signaling the bull market has more room to run.

The reason to raise cash in over-bought markets is to re-enter during oversold markets. Our notes should have had you prepared, and we hope you were ready.

New market leaders are the first to move when the environment turns bullish. Dozens of new names are introducing themselves.

It is time to be selective, not bearish.

Economic data and market cluesNvidia (NVDA) is expected to wrap up the earnings season with another great quarter.The Fed’s path has been cleared up. Chairman Powell was clear – rates will be lowered, I think by 50-75 basis points by year end. Selected current holdings:Magnet®: A lot of new breakouts Generac Holdings GNRCBrookfield Infrastructure BIPCGreen Brick Partners GRBK FACTS:Allstate ALLCintas CTASBlackrock BLK More By This Author:ProInvestor Insights – August 2024
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