Listen in podcast app and follow below for the podcast topic arc.
Good Good tournament with Grass Clippings
Market update
Canada betting too much on USA trade
American exports
Recommendations and Links
Listen on Apple, Spotify, or Google Podcasts.
Market Update📈📉
Welcome back.
Last Wednesday the Dow, S&P500 and Nasdaq100 all closed at new all-time highs.
But the number of stocks on the NYSE that actually made new highs was a fraction of what it was last week…
Breadth is weak.
The indexes make new highs. The headlines focus only on that.
But then the actual new highs list is non-existent.
A sell off is beginning, we’re just not seeing it at the index level yet.
But, things can change at the drop of a hat.
The number of S&P 500 stocks above their 200 and 50dma is decreasing while the index is making new highs. This is how indexes topped in the past. The trouble is that timing a top is a lot tougher than capturing a bottom.
A bearish divergence can continue a lot longer than most expect and can resolve in two ways:
We can see an expansion of the rally as more stocks participate. This happened last year in May and June.
Or we can see a correction and most stocks pull back.
From where we stand, both scenarios are equally plausible right now.
More stocks joining the rally mean more and better opportunities in faster-moving stocks. A correction means lower prices in the strongest companies – so many investors are dreaming about buying pullbacks in the strongest semiconductor and software stocks. Any dips will offer better risk-to-reward opportunities.
As legendary investor, Peter Lynch said: “Far more money has been lost while preparing for a correction than during the corrections themselves”.
Twitter links from the pod:
Podcast & YouTube Recommendations🎙
BG2 podcast with Aaron Levie:
Using the Apple Vision Pro:
Best Links of The Week🔮
Todays luxuries are tomorrows commodities - “We're entering a world in which consumers will experience abundance in creativity and productivity, in their relationships and social experiences, and in personal growth across dimensions like education, wellness, and financial health. This will manifest in a new generation of AI-native consumer products and companies that grow faster and engage users more deeply than ever before”. Source: Gamma
Federal Reserve Chair Jerome Powell said the central bank has shifted its focus toward deciding when to begin cutting interest rates, but that solid economic growth means officials didn’t have to rush that decision. Given recent economic strength, “we feel like we can approach the question of when to begin to reduce interest rates carefully,” Powell said during a rare television interview to be broadcast on CBS on Sunday night. Powell, speaking on “60 Minutes,” said officials were trying to balance the risks of leaving rates too high for too long, which could cause an economic slowdown, and of cutting rates too soon and allowing inflation to settle above the Fed’s 2% goal." Source: WSJ
"Danish drugmaker Novo Nordisk has been “surprised” by the readiness of European consumers to pay for weight-loss drugs from their own pockets, as the region’s largest company invests in new supply to meet runaway demand. The company’s weight-loss drug Wegovy and diabetes treatment Ozempic powered it to record sales in 2023 and a current market capitalisation of $508bn." Source: FT
"Hawaiian Airlines is rolling out complimentary Wi-Fi via SpaceX’s Starlink on board commercial flights this week... the first major U.S. airline to offer the satellite-based service. “SpaceX has really cracked the code – literally, in terms of the technology – to be able to deliver a wide bandwidth of very high quality connectivity to an airplane with a global reach,” Peter Ingram, Hawaiian Airlines CEO, told CNBC." Source: CNBC
Disclaimer:
Investing in equities, fixed-income instruments and/or alternative asset classes involves substantial risk of loss. Any action you may take as a result of the information presented on this website, blog or in any Reformed Millennials Podcast (a “podcast”) is your own responsibility. By opening this page and/or listening to a podcast, you accept and agree to the terms of this full legal disclaimer. The information on this website, blog and in any podcast is presented as a general educational, informational and entertainment resource only. While Joel Shackleton is registered to provide investment advice as an Advising Representative this website, blog and any podcast does not provide, and should not be construed as providing, individualized investment, tax or insurance advice, nor as containing any recommendation to buy or sell any specific securities or otherwise make any other form of investment, or take any tax or insurance decision. Nothing contained on this website, blog or in any podcast should be construed or interpreted by you to mean that an investment in any securities presented or discussed would be suitable for you in your particular circumstances. Joel Shackleton specifically disclaim that any viewer of this website, blog or any podcast should rely in any way on any of their contents as investment, tax or insurance advice or as an investment, insurance or tax recommendation. Viewers are encouraged to consult with their individual investment advisor and other financial professionals prior to taking any potential investment actions or making any insurance or tax decisions. The views and opinions expressed herein are the personal views and opinions of Joel Shackleton and any other specific contributor to the blog or podcast only and do not necessarily reflect the views or opinions of their Firm or any of its other registered individuals or employees in partnership with Joel and his guests. Joel Shackleton disclaims any obligation to update any of the information set out on this website or any blog or podcast going-forward.
Good Good Is Bigger Than LIV Golf, Canadian Trade Relations and Where The Market Is Headed In Q1