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Forgot Login ID or Password? Jeff Saut's Daily Audio Comment is recorded every weekday, at 9 a. It is made available to the public on this Web page at approximately 1 p. It was always the ubiquitous THEY, those indefinable conspirators who would inevitably force the market to go the opposite way you were playing it. THEY were the rumormongers who forced stock and commodity prices to fluctuate wildly regardless of the economic climate.

THEY were the ones who toyed with the military-industrial complex of the fifties and sixties and then with the oil powers of the seventies. THEY profited from those long lines of gas-hungry cars and the shortages of everything from aluminum to wheat. THEY were the brains, the real insiders with all the money to manipulate the markets to make more.

THEY were the immovable forces that gave you that lonely feeling that you were up against it, the ones that always profited by your mistakes.

THEY were the ones who used pit gossip to create doubts about your stature as a shrewd trader. THEY were the enemy; heartless, calculating, always on the offensive, forever elusive. THEY, of course, were always around to take the blame for his poor judgment. Damn, were THEY cunning. Sometimes THEY would suck you into the market by letting you win first; then, like a shifty hustler, THEY would wipe you out.

THEY would always see you as just a small-time Charlie Potatoes, a Fast Eddie Felson squeezed between Minnesota Fats and Willie Mosconi in a game of cutthroat nine ball. You could never learn your lesson. THEY knew just how greedy you were and that small profits would never satisfy you.

And just when you were raking it in, inevitably THEY would lower the boom. Some light on how Wall Street views this came today from Bank of America, which published its Global Fund Manager Survey this morning. The fund managers weighed in on the key question - are the internet stocks in a bubble? Here are the results. Fund managers on internet stocks: On the broader question - are equities overvalued?

How to Lower Your Stock Trading Commissions! THE SECRET TO LOWER TRADE FEES!

Apple not a FANG trades under 15x Bloomberg data. And all are even lower if you want to back out share-based compensation SBC and cash in the case of Apple.

They start with the conclusion and work backwards.

Today's Stock Market News and Analysis - fuwababe.web.fc2.com

Beneath the surface, however, there was a pretty big rotation. As Bespoke Investment Group writes:. This is a complete reversal of what was working in prior to last Friday. So, even with the tech trauma, the D. What has been interesting is the rotation by investors into the financial, industrial, and energy sectors, a rotation we like. To us that rotation shows there is still a healthy amount of cash out there that needs to be put to work. The call for this week: This is the kind of action you typically see as the equity markets transition from an interest rate to an earnings driven secular bull market.

This morning the SPX is ignoring the Syrian escalation where a U. Click here to enlarge. One of the good things about traveling is one gets the chance to read, think, and reflect on events that have taken place. Comey admitted that he unilaterally and surreptitiously made unauthorized disclosures to the press of privileged communications with the President.

The leaks of this privileged information began no later than March when friends of Mr. Comey have stated he disclosed to them the conversations he had with the President during their January 27, dinner and February 14, White House meeting. Comey admitted that he leaked to friends his purported memos of these privileged conversations, one of which he testified was classified.

He also testified that immediately after he was terminated he authorized his friends to leak the contents of these memos to the press in order to "prompt the appointment of a special counsel. We will leave it the appropriate authorities to determine whether these leaks should be investigated along with all those others being investigated.

So, the flat line strategy worked for four sessions last week versus three sessions the week before. Andrew and I think it will likely be on the upside. The other event that may have a marginal impact on our markets is the stunning U. Conservatives, therefore, do not have enough seats to form a majority and are going to be forced into a coalition.

While many pundits state that you need seats to form a majority that is not really the case. The result is that instead of the seats representing a majority, a party really only needs seats for a majority. With seats, the Conservative party is four seats short of that majority. This implies a weakened U. As one wise old Wall Street wag wrote me over the weekend:. I think there was a genuine reversal in the bubble stocks yesterday, but not the entire stock market.

This bubble has occurred because big companies like Goldman Sachs and Fidelity have justified them. Now Goldman has changed its opinion and speculators playing momentum and trends will be caught off-guard. On the positive side, the diplomatic pressure put forex seminar durban Qatar is good and appropriate.

This is an important development if there is to be peace in Syria. Those mercenaries have to be eliminated for any peace to work in Syria! Jim Booker retired has flown B-1s into James online raymond stock trade fees. There is some risk there, but the emir wants and needs our rental money. Last week we experienced some lukewarm economic reports. This week, in addition to the expected 25 basis point hike in the Fed Funds rate at the Federal Reserve meeting from 0.

The major ones would be: Any big move in any one of those reports could be a market-moving event. The names for your potential buy list include in no particular order: The weekend was james online raymond stock trade fees in Richmond, Virginia, attending our 50th high school reunion.

Today I am in Milwaukee to speak at the opening ceremonies of the U. Open golf tournament followed by a flight to Nashville to do many of the same things I did last week in Philly.

If past is prelude, anytime How to make money fast in plants vs zombies iphone have been away for two consecutive weeks there has been a tendency for something big to happen in the markets.

I doubt if this week will be any different. And to all of you that emailed me the article about Jim Rogers predicting the biggest crash in the stock market of his lifetime, all I can say is that he has been pretty bearish for a long, long time.

Moreover, he is giving his prediction the wide timeframe of late this year or sometime in Andrew and I would note that history suggests it is one crash to a generation and we have already seen ours.

I am writing this, and recording this, Sunday night because I have a 7: If you think it is going down be bearish, but for gosh sakes take a stand! Accordingly, Andrew and I take stands on the long-term, intermediate, and short-term direction of the various markets. When you take a stand, especially a short-term how to buy oil futures scottrade, you are going to be wrong more often than you think.

The real investment trick is when you are wrong you say you are wrong, and you say you are wrong quickly, for a de minimis loss of capital. Being wrong happens to even the best of us. I like this story:. And the rest, as they say, is history.

Interestingly, currently the conventional call in the financial markets is chronic criticism. Look for the cloud in the silver lining growl the bears.

Yet, good investors are instinctively and compulsively contrarians. You have to learn to go opposite insurance claims adjuster jobs work from home markets. We even received some pretty curt emails the morning following the election with the preopening Dow futures printing down some points. In that rally our short-term model turned positive, but the intermediate model did not, so we exercised the rarest commodity on Wall Street — patience.

However, on April 19th those models were in sync on the upside and we said so in these reports. Following that, if correct, there should be another whole new leg to the upside. If wrong, our hunch is it will be wrong on the downside with the indices moving higher than most expect. Well, looking at a chart of the Factors that affect the value of put options over the past 12 months shows that every time that index has broken out above a prolonged trading range it has begun a new leg to the upside chart 1 on page 3.

To begin, they posited that investors are assigning a low probability of President Trump getting his agenda through. While select negatives remain, the path of least resistance is to the upside, much to the surprise of most participants.

We like the idea of buying some of the laggards. Another laggard is the Energy sector chart 5 ; here we like select favorably rated names from our Master Limited Partnership MLP research universe.

In fact, we think commodities in general are attempting to form a double bottom in the charts chart 6 and would add this asset class to portfolios.

Upcoming Pricing and Rate Changes From Raymond James |

This morning the preopening futures are flat despite the grip of more terrorism over the weekend as the sun rises over the transom of my boat. Raymond DeVoe was one of the best stock market newsletter writers on Wall Street.

I had the pleasure of meeting him when I moved to Baltimore to be director of research and run capital markets for a brokerage firm. Unfortunately, Ray is no longer with us, having passed away. As written in his obituary:. He often discussed classic movies along with stocks. As our economist Scott J. The 2nd estimate of 1Q17 GDP growth was stronger than anticipated, not a big surprise given the normal uncertainty in the figures.

Consumer spending was revised a bit higher still soft. Business fixed investment was revised higher.

Inventories were more of a drag on the headline figure than in the advance estimate. Underlying domestic demand Private Domestic Final Purchases, which is GDP less net exports and the change in inventories was revised higher a 2. A pop in military aircraft prevented durable goods orders from falling as expected, but ex-transportation, results were disappointing.

To be sure, U. I like this quip:. Most traders investors seem to become convinced of the genuineness of a movement in either direction only when it approaches a culmination. One reliable indication of the start of an upward swing is afforded when, after a period of decline prices, or less frequently, dullness, the market advances or refuses to go down following the receipt of bad news. News can seldom be utilized by the public for market purposes, even when its authenticity is beyond question.

Indeed, shrugging off bad news, what a novel concept, and for the equity markets it seems to have been the case for quite a while. That said, Andrew and I think the equity markets are making a short-term peak.

If there is a downside, headline induced, shock, we believe it will be short-lived with stocks quickly rallying back. Additionally, most of the sectors are pretty overbought in the short term Chart 2 on page 3. It is interesting to note the performance of those macro sectors year-to-date see Chart 3 on page 4.

Notice that Energy and Telecom have lagged badly, and that Financials are virtually flat for the year. A good starting place would be the Raymond James Equity Research universe of stocks rated Strong Buy by our fundamental analysts.

When stocks took a brief spill last week, the smart money quickly stepped in and started buying. They haven't let up too much over the past week, which isn't too unusual. What is unusual is that the dumb money is right there alongside them. Both groups are now relatively confident in a further rally, and that's not something we often see.

That's especially the case when stocks are ticking at new highs. The "smart" and "dumb" monikers are just shorthand to depict groups of indicators that tend to be non-contrary smart or contrary dumb when they reach extremes. Almost by definition, the "dumb" money will be on the right side of the meat of a trend, and that's how some prefer to use it — as a kind of trend-following model.

That's fine until it reaches extreme optimism, then the likelihood of a further sustained rally diminishes. Smart money acts more like hedgers, buying into declines and selling into rallies.

Ladies and gentlemen, if correct that would imply a gain for the SPX of some Additional information is available on request. This document may not be reprinted without permission. The opinions offered by Mr. Saut should be considered a part of your overall decision-making process. Information has been obtained from sources considered reliable, but we do not guarantee that the material presented is accurate or that it provides a complete description of the securities, markets or developments mentioned.

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Investment Strategy by Jeffrey Saut THEY!? June 19, It was always the ubiquitous THEY, those indefinable conspirators who would inevitably force the market to go the opposite way you were playing it.

As Bespoke Investment Group writes: