Category Archive

“I never said ‘Well, I don’t have this and I don’t have that.’ I said, ‘I don’t have this yet, but I’m going to get it.’” ~ Tina Turner (November 26, 1939 – May 24, 2023) Good evening: What a run it’s been for longtime Granny Shot Nvidia ($NVDA), a lead player in the semiconductor space. It soared to a …

“Sentimentality about an investment leads to lack of discipline.” ~ Sam Zell (September 28, 1941 – May 18, 2023) “There were a lot of running backs as good as me. The real difference was that I could focus. I never laid back and relied on natural ability. ~ Jim Brown (February 7 1936 – May 18, 2023) Good evening: The …

“Opportunities – the good ones – are messy, confusing and hard to recognize. They’re risky. They challenge you.” ~ Susan Wojcicki, CEO of Youtube (2014-2023) Good evening: Believe it or not, the S&P 500 has officially been in a bear market — down more than 20% from its high — for more than 230 days. It’s the longest such stretch …

“The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed.” ~ Peter Lynch Good evening: Despite the prevailingly negative sentiment about the market, we entered May with the S&P 500 almost exactly where it was one …

“To be independent of public opinion is the first formal condition of achieving anything great.”~ Georg Wilhelm Friedrich Hegel  Good evening: Trading is over for April, with the SPX up about 1.46% for the month and the Nasdaq up 0.04%, in line with historical norms. Although markets did not gain as strongly as anticipated this month, Head of Research Tom …

“To hell with circumstances; I create opportunities.”~ Bruce Lee Good evening: The story of the past few weeks has been one of sideways chop: The S&P 500 is virtually unchanged from where it began April at 4,124. Over the past six months, the benchmark is up about 10%, and it’s still up nearly 8% year-to-date, despite bearish sentiment, banking woes, …

“Nobody is going to lose money on a deposit in a U.S. bank. It’s not going to happen.” ~ Warren Buffet, April 12 Good evening: As we entered March, Tom Lee forecasted a strong move upward for U.S. equities in March and April. He reasoned that inflation would fall, and seasonal tailwinds would drive markets higher, particularly Technology names such …

“Spring is sooner recognized by plants than by men.” ∼ Chinese Proverb Good evening: Head of Research Tom Lee believes that global central banks, led by the Federal Reserve, might soon halt interest-rate hikes, setting the stage for rate cuts by the end of the year. You can see it in inflation, which remains stubborn, but has been falling, especially …

“In the stock market, the most important organ is the stomach.” — Peter Lynch  Good evening: After opening the week with what our Head of Technical Strategy, Mark Newton, called a “sideways grind,” markets turned upwards on Wednesday, with all 11 sectors of the SPX rising. Newton noted that “463 names within SPX rallied on Wednesday out of 500, constituting …

“Amateurs sit and wait for inspiration, the rest of us just get up and go to work.” – Stephen King Good evening: Bears received just about every headline they could have hoped for in recent weeks, from bank turmoil to continued interest-rate hikes and sticky inflation. Yet stocks, particularly technology, have held steady as we approach the end of the …