While there is a "tsunami" of liquidity currently flowing that can power stocks higher into year end, in the near term, stocks are looking over-bought and a (short-term) sell signal was triggered this week says portfolio manager Lance Roberts.
So between now and the election, be prepared for stocks to trade sluggishly and/or weaken.
Other than that, though, the developments this week have been largely favorable for the economy. Very strong jobs numbers (if we can believe them), a resolution to the longshoremen strike that threatened to paralyze ports along the US Gulf and East coasts, and a potential resumption of student loan forgiveness.
We talk about all that and more, including Lance's firm's latest trades, in this week's Market Recap.
Disclosure: Thoughtful Money LLC is in the application process to be a Registered Investment Advisor Solicitor. We produce educational content geared for the individual investor. It’s ...
Disclosure: Thoughtful Money LLC is in the application process to be a Registered Investment Advisor Solicitor. We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such. We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor in good standing with the Financial Industry Regulatory Authority (FINRA) who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance. IMPORTANT NOTE: There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.