I'm on beautiful Coronado Island attending Stocktoberfest. It's a gathering of some really smart people who care deeply about improving the way we receive financial advice and are working diligently to bust long held beliefs about what is important in making investment decisions. Discussions include passive vs active investing, social media data gathering, artificial intelligence trading tools, the importance of price action (my field), delivering content how we want it, when we want it … [Read more...]

We have had a musical weekend at Desert Trip. Bob Dylan still mumbles, The Rolling Bones are still strutting, Neil Young still sings anti war songs and my favorite, Paul McCartney continues to rock. It was a trip. I have never seen more people in one place. I think we were 1/2 mile from the stage and the sound was excellent. Big screens to watch. Great food options and short lines at the bar. Very organized. It was a memorable experience with our friends of 35 years. We Ubered three … [Read more...]

I postponed this weeks update for a couple of days to see what the market thought of the first debate between Trump and Clinton. The S&P500 index was up .62% today which is a decent one day move to the upside. This tells me that the debate did not signal any surprises one way or the other. It is likely the market will continue to trade in the range it's been in since early July between now and the election. S&P 500 Index ETF (SPY) daily This doesn't give us much opportunity to … [Read more...]

Central bankers meet Tuesday and Wednesday and will announce their decision on Wednesday afternoon. I would be very surprised if they decided to raise interest rates before December and I doubt they will even raise at that point; although I wish they would. Can the Fed prop the market up forever? I don't think so. I'm not sure how this can end well considering debt and unfunded liabilities, which are much larger than the published number of 20 trillion. Let's take a look at the … [Read more...]