Mar 10, 2017
Eight years ago this week, the greatest buying opportunity in the lifetime of just about everybody reading this note came and went with little fanfare (as is usually the case at bottoms and tops). Even if you missed the exact low, though, there have been plenty of opportunities along the way to hop on, as the second longest and third strongest bull market of all time charged ahead. In terms of strength, if the S&P 500 rallies 4% from its 3/1 high, the current bull will also move into second place in terms of strength as well. Is there still any path left to ride for this bull?
Of the current members in the S&P 500, 39 have posted quadruple-digit returns since 3/9/09 (that’s over 1,000%!), including three that are up over 6,000%! On the other end of the spectrum, just 16 current members of the S&P 500 are down in the last eight years. In order to save anyone the potential frustration of either not owning the biggest winners or maybe owning some of the losers, we will refrain from listing either list here to help ensure that we don’t ruin your weekend.
If you’d like to read our thoughts on recent performance plus the rest of this week’s Bespoke Report newsletter, take advantage of our one-month Bespoke Premium free trial offer. Sign up now at this page.
Have a great weekend!
Mar 3, 2017
The screen below is one of many graphics included in our just-published Bespoke Report newsletter (included weekly with all of our membership packages). It shows the recent performance of various asset classes using our key ETF matrix. Note that every one of the major US index ETFs shown in the first section of the left column is now up 10%+ since the election last November. The Financial sector (XLF) is now up 24.91%, which is the best ETF in the entire matrix.
If you’d like to read our thoughts on recent performance plus the rest of this week’s Bespoke Report newsletter, take advantage of our one-month Bespoke Premium free trial offer. Sign up now at this page.
Have a great weekend!
Feb 24, 2017
When it comes to rankings, a “ten” is typically considered as good as it gets. In many sports, a “ten” is considered the best possible score. In 1976, Nadia Comaneci was the first gymnast to ever score a perfect ten when she was flawless on the uneven bars. Then, in 1979, Bo Derek also taught us that a ten was perfect.
In 1984, the “perfect ten” was one-upped when ‘guitarist’ Nigel Tufnel from Spinal Tap introduced the world to amps that had a volume control that topped out at eleven. His reasoning was that every once in awhile there are those times where you have the volume up to ten and everything is going great but there is nowhere else to go from there. To solve the problem Tufnel tells the interviewer (played by Rob Reiner) that his amps go to eleven for those times when the band needs the “extra push off the cliff.”
This week, the DJIA was more than perfect, and like the amps from Spinal Tap, it pulled an eleven. And it did so in dramatic fashion, as the only time that the DJIA traded in positive territory was in the final seconds of the trading day. So where do we go from here?
Along with the DJIA this week, all of the major averages hit new bull market and all-time highs, as one of the most unloved bull markets of all time continues to chug along. For the S&P 500, the current bull ranks as the second longest and third strongest of all time. While it will be some time before the current bull makes a run for the top spot in either category, in strength terms, a gain of 5% from here will put the current bull into second all-time as well.
Our just-published Bespoke Report newsletter (included weekly with all of our membership packages) includes a recap of the markets this week as well as what to expect going forward based on the events of the last week. If you’d like to read our thoughts in this week’s Bespoke Report newsletter, take advantage of our one-month Bespoke Premium free trial offer. Sign up now at this page.
Have a great weekend!
Feb 17, 2017
The screen below is one of many graphics included in our just-published Bespoke Report newsletter (included weekly with all of our membership packages). It shows the recent performance of various asset classes using our key ETF matrix. Note that the Mexico ETF (EWW) is up more than any ETF in the entire matrix since Trump’s Inauguration on January 20th!
If you’d like to read our thoughts on recent performance plus the rest of this week’s Bespoke Report newsletter, take advantage of our one-month Bespoke Premium free trial offer that includes our 2017 Outlook Report. Sign up now at this page.
Have a great weekend!
Feb 10, 2017
And you thought politics was crazy! After record high temperatures in the Northeast on Wednesday, Thursday brought a freak snowstorm that dumped more than a foot of snow in the tri-state area, grounding pretty much everything to a halt. After digging out the summer clothes Wednesday, shovels were the order of the day on Thursday. Through the weather and everything else, though, the stock market continued to serve as a rock of stability, steadily rising in what was a relatively uneventful week in terms of the market. After a small decline to start the week, the S&P 500 saw four straight days of gains for its longest winning streak of the year.
In our Bespoke Report a few weeks back, we highlighted the S&P 500’s stair-step pattern of the last year and how the recent pattern looked to be in the middle stages of completing the tread of a stair. With each day that the sideways pattern went on, an increasing number of pundits were busy writing off the so-called Trump rally. It only seems fitting that just when doubts over the sustainability of the rally reached their highest levels since the election, the S&P 500 broke out of its recent range to new all-time highs and forming a new riser in the stair step pattern. Wherever the rally stops, nobody knows, but when it ends it will be at precisely the point when everyone who called an end to the rally decides that the rally “now has legs.”
If you’d like to read our thoughts on recent performance plus the rest of this week’s Bespoke Report newsletter, take advantage of our one-month Bespoke Premium free trial offer. Sign up now at this page.
Have a great weekend!
Feb 3, 2017
The screen below is one of many graphics included in our just-published Bespoke Report newsletter (included weekly with all of our membership packages). It shows the recent performance of various asset classes using our key ETF matrix.
If you’d like to read our thoughts on recent performance plus the rest of this week’s Bespoke Report newsletter, take advantage of our one-month Bespoke Premium free trial offer that includes our 2017 Outlook Report. Sign up now at this page.
Have a great weekend!
