Friday on Wall Street confirmed what I’ve been expecting, with clear signs that the rally in stocks was broadening to other sectors. What was also heartening was the rise in the Nasdaq after a near 2% dumping on Thursday.
Last week an investor gave us feedback telling us he wasn’t happy with the performance of the Switzer Dividend Growth Fund. As a consequence, I looked at his comments objectively, and it showed me that, like a lot of investors, he has knowledge gaps. And doing this deep dive into SWTZ, I learnt a few things as well!
It’s fitting that on the week that the Yanks celebrate the ratification of the Declaration of Independence on 4 July 1776 that Wall Street celebrated with a winning week. And this comes as the Fed is being pressured to start cutting interest rates in September.
In my article this week, I look at how valuable The Switzer Report was last week and pose the question: Are you making the most out of our analysis and insight? Happily, the strike rate of stocks going up and the one we questioned all seemingly followed our script!
Two big pieces of news dominated stock prices on US stock market indexes. The first piece was economic data drops that are adding credibility to the news that US interest rates could take their first leg down in September.
Here are 7 stocks that subscribers in our Boom, Doom, Zoom show at noon each Thursday often ask about. I’ve gone through each one and then checked out what the analysts say. Next thing you need to do is watch what Michael Gable sees in the charts he examines for each selected stock.
Two big pieces of news dominated stock prices on US stock market indexes. The first piece was economic data drops that are adding credibility to the news that US interest rates could take their first leg down in September.
Here’s a story from Michael Carmody of Centennial Asset Management, who not only talked up the potential of the market index to head higher, he also nominated two stocks he liked, big time. Better still, he thinks this rally has a lot more time left in it, so you can see why I’m smiling.
Friday night on Wall Street was negative but it’s more likely to be a consequence of profit-taking after a very positive week for the S&P 500 index — up 1.69%
When I woke up this morning, I had one big question I wanted answered and it was all about what the US job figures did to support the current market view that an interest rate cut is coming in September.
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