The NEW Daily Decision for 9.17.18 - The Good, The Bad, And The Ugly


The State of the Markets:

My quote system confirms that stocks finished higher on the week and that the S&P 500 gained ground all five days last week. And with the venerable index closing Friday at the second highest level ever on a daily basis (and the highest ever on a weekly basis), one can't be blamed for being enthused about the action.

However, I am struggling to get overly excited here and I wouldn't call the recent rally robust, as the intraday action seems to be driven more by the hopes that the trade war with China will come to an end soon than a rush to buy stocks. For example, take a look at a chart of the small caps last week - can you say sideways? And then there is the chart of the banks - ugh.

Yes, there is some good stuff happening in the market. But I guess my primary point on this fine Monday morning is that there is also some bad stuff to be found, as well as some downright ugly stuff. So, in an attempt to remain objective, I'm going to take a quick run through the good, the bad, and the ugly here.

The Good

The Economy/Earnings: Unless you've been sleeping in a cave, you can probably spit out the bull case pretty quickly. First and foremost, as the saying goes, "it's the economy..." Then there is the fact that earnings are at record highs - and expected to continue to grow.

In reality, these two issues alone are probably enough for the bulls to maintain possession of the ball and likely the reason that the major indices are within spitting distance of all-time highs - despite all the worries out there.

When one digs into the economic data, it is ...

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The NEW Daily Decision for 9.10.18 - What If Something Bad Actually Happens?


The State of the Markets:

In case you have somehow missed it, the ten-year anniversary of Lehman's collapse is upon us. The fall of Lehman Brothers, and perhaps more importantly, the fact that Wall Street didn't bail out the firm, ...

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The NEW Daily Decision for 9.4.18 - The Pause That Refreshes?


The State of the Markets:

Now that the S&P 500 has managed to move to new all-time highs, the obvious question becomes, where do we go from here?

Our furry friends in the bear camp contend that the prolonged period ...

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The NEW Daily Decision - A Step In The Right Direction


The State of the Markets:

It always seems to happen this way. Last week the title of my lone missive was, "All is not right with the world." The key point I wanted to make was that while the U.S. ...

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The NEW Daily Decision for 8.13.18 - Fresh Worries, But No Crisis


The State of the Markets:

A new worry about contagion, rising inflation, political risks, geopolitical issues, concerns about peak growth (especially in semiconductor-land) and, of course, the trade war all combined to create a weak ending to what had been, ...

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The NEW Daily Decision for 8.6.18 - Goldilocks Looks To Be Alive And Well


The State of the Markets:

The headlines blared that the July's Jobs Report was a "miss." This was due to the fact that, according to the Labor Department, the economy created 157,000 new jobs last month, which was below the ...

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The NEW Daily Decision for 8.2.18


THE LATEST UPGRADE TO DAILY DECISION IS LIVE!

We are excited to announce that the latest upgrade to the Daily Decision service was implemented on Monday, July 9.

The new, state-of-the-art portfolio will be comprised of three parts.

  • 50% Risk ...
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The NEW Daily Decision for 8.1.18 - A Worry Worth Considering


The State of the Markets:

To be sure, there will be a lot of keystrokes used to talk about Apple (NASDAQ: AAPL) today. Frankly, it is very interesting to hear all the analysts talk about Apple's upside potential given the ...

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The NEW Daily Decision - As Good As It Gets?


The State of the Markets:

After a sloppy June, stock market investors appear to be enjoying the month of July. So far at least, the S&P 500 sports a gain of 3.75% for the month and is inching closer to ...

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The NEW Daily Decision for 7.23.18 - It's Time To Be Careful On That Ladder


The State of the Markets:

Since we are deep into summer vacation season, I'm going to keep things brief this morning and let the indicators do most of the talking.

My take on the current market action is the consolidation ...

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The NEW Daily Decision for 7.19.18 - A Look At The Big-Picture


The State of the Markets:

The original purpose for my oftentimes meandering morning market missive was to identify the driving forces behind the market action. The thinking was that putting to paper (so to speak) my thoughts on why Ms. ...

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The NEW Daily Decision for 7.16.18 - Divergences Are Yellow Flags


The State of the Markets:

The NASDAQ - you know, the index where most of the market's hot stocks tends to trade - closed Friday at a fresh new all-time high. The S&P 500 appears to have broken out of ...

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