40 year investment veteran Steve Reitmeister does not buy the bullish argument that is gaining speed as the S&P 500 (SPY) closes above 4,200. In fact, he says the set up for a serious correction and thus warns investors not to get SUCKED into this rally as the rug is about to get pulled out. ..
Tag : Stocks
The S&P 500 (SPY) seems to be breaking out into bull market territory above 4,200. However, history shows many examples of how this could be nothing more than a Suckers Rally. That’s why you should tune into Steve Reitmeister’s most recent market commentary including a clear trading plan and top picks for this unique market ..
The risks pertaining to the U.S. banking system continue to make investors and depositors jittery. However, some foreign banks present an attractive investment opportunity. Given the concerns over the prospects of domestic banks, it could be wise to add fundamentally strong foreign bank stocks Barclays (BCS), Deutsche Bank (DB), and Erste Group Bank (EBKDY) to ..
It has been a nice week for stocks, and if the debt ceiling issue gets resolved without too much hassle, we could see further rallying. It goes without saying, but it’s a lot easier to make money when the S&P 500 (SPY) is going up, even if our portfolio is less correlated than large caps ..
The S&P 500 (SPY) seems to be going trading in a fairly tight trading range. Yet there are more facts emerging that would lead one to a bearish conclusion. That includes the discussion of Sticky Inflation. You may not have thought much about that…but let me assure you that is Public Enemy #1 for the ..
Although recession concerns affect most tech stocks, Adobe (ADBE) is able to maintain and grow its margins during any economic cycle due to its strong business model. With a recession expected by the end of the year, I believe it could be worth buying software giant Adobe (ADBE). Keep reading. Tech stocks have been under ..
The S&P 500 (SPY) has been up, down and all around this past week thanks to the Fed statement followed by the Government Employment report on Friday. On some levels nothing has changed in the market outlook. However, looking further down the road some important things happened this week that increase the odds of recession ..
Stock markets suffered through a rough year in 2022. Major indices like the S&P 500 (SPY) and NASDAQ 100 were down double digits across the board. Yet this simple strategy showed a solid double-digit gain by taking profitable positions in both good AND bad stocks. This type of balanced approach will likely continue to outperform ..
Looming concerns of a recession and the banking crisis might keep the stock market under pressure for longer. Amid heightened volatility in the stock market, Coca-Cola (KO), Starbucks (SBUX), and Chipotle Mexican Grill (CMG), which have solid brand recognition, might be ideal buys. Keep reading. US stocks fell on Thursday due to concerns over turmoil ..
Despite the rising interest rates, the consumer financial services industry could remain under pressure due to the tighter lending standards and the chances of a recession later this year. Therefore, it could be wise to avoid fundamentally weak consumer financial services stocks Sunlight Financial (SUNL), Guardforce AI (GFAI), and Sentage Holdings (SNTG). Read more…. Consumer ..
