No wise pilot, no matter how great his talent and experience, fails to use a checklist. - Charlie Munger

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Market Commentary

The Bull market gained strength, shake out completed, bears bewildered.

• The bull market reasserted itself in a big, broad, and powerful V shaped rally.
• The number of 52- week low count is almost non-existent, signaling the bull market has more room to run.
• The reason to raise cash in over-bought markets is to re-enter during oversold markets. Our notes should have had you prepared, and we hope you were ready.
• New market leaders are the first to move when the environment turns bullish. Dozens of new names are introducing themselves.
• It is time to be selective, not bearish.

Economic data and market clues

Nvidia (NVDA) is expected to wrap up the earnings season with another great quarter.

The Fed’s path has been cleared up. Chairman Powell was clear - rates will be lowered, I think by 50-75 basis points by year end.

Selected current holdings:

Magnet®:  A lot of new breakouts

Generac Holdings                GNRC

Brookfield Infrastructure       BIPC

Green Brick Partners           GRBK

FACTS:

Allstate                    ALL

Cintas                     CTAS

Blackrock                BLK

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