Digesting ‘Higher For Longer’ as the Quarter Ends

Stocks in the benchmark S&P 500 Index are on pace for another weekly decline, and the reason why is largely a holdover from last week’s signal from the Federal Reserve that the cost of capital will remain “higher for longer.” In addition to digesting the Fed’s position, this week was marked by political and social

An International Plan Exit

The action in markets this week was largely a holdover from the Fed’s clear signal out of the Federal Open Market Committee meeting, and that is that interest rates are going to remain “higher for longer.” In addition to digesting the Fed’s position, this week was marked by political and social risks, including the near-certainty

The Good News, Bad News Scenario

You know the old adage, “I’ve got news, and bad news”? Well, today, I have both for you. And since I am the type that likes to get the bad news out of the way first, let’s start with that. Today, our newest position in business software firm Workday Inc. (NASDAQ: WDAY). WDAY shares fell

Intelligence Report – October 2023 Issue

Find out about our latest recommendations, and all of the most recent market-moving news, in the issue of Intelligence Report that has just been completed. I invite you to download the issue as soon as you have a chance. As a valued subscriber, we want you to have this information as quickly as possible. Please

Avoid the ‘Tearing of the Flesh’

Avoid the ‘Tearing of the Flesh’ I’ve had a few recent encounters with people who have demonstrated a form of behavior that I find vexing, caustic and very revealing. That behavior is sarcasm, and it’s an ugly trait that should be avoided in others, and in ourselves. I say this, because contrary to popular belief,

Successful Investing — October 2023 Issue

Find out about our latest recommendations, and all of the most recent market-moving developments, in the issue of Successful Investing that has just been completed. I invite you to download the issue as soon as you have a chance. As a valued subscriber, we want you to have this information as quickly as possible. Please

Reiterating a ‘Putty’ Environment

The market is under pressure again today, as growing concerns over rising bond yields, a strong U.S. dollar and rising oil prices are pulling stocks down. I call this kind of market a “putty” environment, meaning this is the kind of market that whets a man’s appetite for owning put options. Indeed, our two outperformers

A Hawkish Fed Surprise Brings Out the Sellers

Without question, the news that really moved markets this week from the Federal Open Market Committee (FOMC) — and we didn’t even get a change in policy. You see, everyone was expecting the Fed to “pause” on rate hikes Wednesday at the FOMC meeting, and that’s what happened. However, the more significant information the market

Higher for Longer Doesn’t Agree with the Bulls

The most-important news of the week came Wednesday from the Federal Open Market Committee (FOMC)—and we didn’t even get a change in policy. You see, everyone was expecting the Fed to “pause” on rate hikes at this meeting, and that’s what happened. The more significant information the market wanted to hear from the Fed is

Put That Good Work Into it

The past couple of trading sessions have seen the markets come under pressure, and particularly growth stocks of the sort we like to own in this service. The reason why, of course, is because yesterday the Federal Reserve made it unambiguously clear that interest rates would remain “higher for longer.” Now, the Fed didn’t hike

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