Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
The S&P 500 has come within 15-points of a new high this morning. As I mentioned in today's commentary...
... it's getting close to the 2020 high made in mid-February. A double top pullback at that point seems extremely obvious. I can hear the cries of "get me out, I'm even!" But it may be so obvious and expected, that the market could make those folks regret selling. I have no idea, but that's the psychology of hitting that February high which, just 1% away, could happen any day now.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
The Transports are flying again today, but they hit the February peak and paused. This index actually peaked in January, not February like the other indices, proving that it is still a market leader.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Transports have no business bouncing back that good. It makes NO sense.
Have you seen what is happening to airlines?
Where is that strength coming from?
Welp, there went today's gains.
Do you feel in charge? ~Bane
It's going to be hard to justify keeping things shut down with schools/colleges opening up. Anecdotally speaking here, my commute was busier today than the past many months.
Yields up, market down. Wonder if we're just seeing a move out of tech and into the "get outside and travel" stocks. BA, CCL and AMC up today along with $TRAN index.
Avis, rails and trucking today...
https://finance.yahoo.com/quote/%5ED...nents?p=%5EDJT
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Weeks worth of gains in bonds are being erased this week.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
NASDAQ is up 2% while the R2K is flat. Wow.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Stocks are too expensive again and bond indices haven't spent much time below their 20-day EMA in recent past. Added a little more F-fund exposure today.
bonds.jpg
Last edited by TommyIV; 08-12-2020 at 03:23 PM. Reason: Wording
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