“It’s a real pleasure to earn the trust of your customers slowly over time by doing what’s right." - Charlie Munger

Market Commentary:

It is a good time to take some deep breaths and maintain your discipline.

• Having just rebalanced The Trust 200 for 2025, based on our FACTS model of the “most trustworthy companies in America”, we see plenty of good companies with acceptable valuation we are happy to be part owners of.
• Chasing the stocks that went up the most in 2024 might get you into trouble.
• The Advance/decline line on the NYSE finally broke down. The Nasdaq A/D has deteriorated and peaked in February. This remains a stern warning.
• I am seeing potential “blowoffs” taking place that will become obvious as the tide goes out. As the calendar turns, look for heavy selling those names.
• I suggest stopping trying to call the top, and instead, it is better to look for great companies with excellent entry points.

Here is a link to the FOX Business segment from 12/27 where I share my current best companies to consider and overall market views.

Economic data and market clues:

Nothing to say here other than Happy New year!

Take this week's portfolio window dressing with a huge grain of salt.

Magnet® : 

Immersion                    IMMR

 Technip FTI                  FTI

GeneDX Holdings        WGS

FACTS:

Generac                           GNRC

Celestica                          CLS

Vistra                                VST

For more information, contact us.

More By This Author:

"I'd Be A Bum On The Street With A Tin Cup If The Markets Were Always Efficient." - Warren Buffett
Be Careful In This Unforgiving Market. The Tide Is Turning.
The Music Has Become Louder And Faster - Not The Time To Chase