The Latest Storm Cleared, And The Markets Cheered -

The Latest Storm Cleared, And The Markets Cheered

Aug 18, 2024Jeremy ParkinsonFinance, No picture0

“It is always wise to look ahead, but difficult to look further than you can see.” – Winston Churchill Market Commentary:The latest storm cleared, and the markets cheered. Lots to be happy about.

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

The number of 52- week low count is now a very small number, a very encouraging sign for the stock market.

The reason to raise cash in over-bought markets is to re-enter during oversold markets. This rally showed up right on time.

Do not hold off buying the best companies and market leaders just because the news is bad.

Economic data and market clues: We are still in the middle of this earnings season. Look for more volatility below the index level. Any weak quideness continues to be punished..The Fed minutes should reveal they are ready to lower the fed’s fund rate at the next meeting. You will hear more market complaining about the wait.Selected current holdings:Magnet®:Generac Holdings GNRCPalantir Tech PLTRLight & Wonder LNWFACTS:Allstate ALLCintas CTASRenaissanceRE RNR More By This Author:A Spike In The VIX, Carry Trade …And Now We Need To Worry About The Yen?
So Much For Expecting The Fed To Stick The Landing
ProInvestor Insights – July, 2024