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I'm going to start Stewie's Sunday night rundown.
If it works, OK. If not, I'll stop giving information.
Back story is that I retired in 2017, but have several years until I'm retired in the traditional sense. The stock market was great to me and I cashed in. Paid a boatload of taxes for sure and took my lumps.
Anyway, I'm going to offer information on a weekly basis about the markets. Nothing detailed, just a macro view of what's going on. No specific investment info here, but you might find the data interesting.
I pay a premium for detailed information from a reliable source about the markets and thought everyone might be interested in weekly updates.
OK, here we go:
The stock markets are very top heavy. The acronym TINA (There Is No Alternative) is the word of the month. The big names are driving the market (Apple, Alphabet, Microsoft, etc.) while the rest of the market lags. If you own the big names put a limit down so you secure profits.
The bond market is in shambles. There is no money to be made and pension funds rely on stable returns from bonds. Where do these funds put billion$ to get a return?
The top 5 hot and most reliable stocks over the past week are:
Quidel Corp - QDEL (immuno testing)
Digital Turbine - APPS (mobile communications)
K92 Mining - KNTNF (gold producer)
Medifast - MED (cosmetics)
Harmony Gold - HMY (gold producer)
That being said, we are in a neutral to down scenario. That means to only buy the best stocks that are trending up and undervalued.
The only underlying positive trend is safe haven investments. In the vernacular it has become asset inflation. Real estate and gold are leading the way.
I posted a couple of weeks ago about buying a house. You're basically getting free money as a borrower. What could be better? Refinancing is also a good option.
Now to the albatross that is gold. It is unrelenting. Goldman has a price target of $3000. It was up nearly $80 this week. There are ways to leverage that in your favor.
Other news:
Russia has decided to go ahead with a Covid-19 vaccine. They will inoculate millions of people with an unproven vaccine in October. Good luck, I say.
China's Three Gorges Dam has been under close observation since last year. Flooding, which is usual, has raised the water levels to new highs. They are expecting more monsoon rainfall over the next few weeks. They noticed problems in 2016 and have heightened concern this year. Who knows?
Good investing and make lots of money!
Until next week,
Stewie
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