August 2023 Market Commentary: Healthier Outlook but Seems Overbought Short Term
The current market recovery was primarily limited to large cap tech stocks with 90% of the S&P 500 gain attributable to the “Magnificent Seven.” Finally, in the last six weeks mid and smaller cap stocks have also participated and last week the Dow Industrials and...
July 2023 Market Commentary: The Magnificent Seven
Almost every bull market has a phrase attached to it calling out the stocks that are leading that market. In the 1970s it was the “nifty-fifty,” in the late 1990s it was the “dot.com era.” This year we have what many have called the “Magnificent Seven.” The...
A Market of Conflicting Signals – Buck Klintworth on Money Life with Chuck Jaffe
There are a lot of countervailing forces right now both in the economy and the market and of course we can look at events like rate hikes, things along those lines and they eventually show up in the technicals, but the bigger question becomes, as they start to show up...