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The Bull Market Strengthened, Let The Naysayers Say Nay…

By Kurt Osterberg · On September 15, 2024

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“The only place success comes before work is in the dictionary.” Vince Lombardi

Market Commentary:The Bull Market strengthened, let the naysayers say nay…there is no shortage of great companies doing well.

Being able to recite the potential problems in the world does not make you a good investor.

The new leadership in the market has expanded to more than tech, or the Magnificent 7.

Right now, there are no bad sectors- only bad stocks.

If you are waiting for a pullback, ask yourself what actions you took during the last pullback.

Tremendous activity in the bio- tech sector. I would not have any shorts in this sector.

The number of 52- week low count simply disappeared again. The Advance/decline on the NYSE hit a new high, the NASDAQ snapped back. These are what we hope for as investors.

Economic data and market clues: The big question- does the Fed lower rates by a quarter or half point? I think it does not really matter. They are late to remove and they know it.The Fed’s path is much more certain. Chairman Powell was clear- rates will be lowered, I think by 50-75 basis points by year end. More rates cuts are a lock for 2025 as well.Nothing new in the manufacturing or housing data. Manufacturing is too weak, and housing has a shortage of supply. Selected current holdings: Magnet®: A lot of new breakouts Green Brick Partners GRBKTradeweb Markets TWImmersion IMMR
FACTS:Amgen AMGNPulteGroup PHMLeidos Holdings LDOSFor more information, contact us.More By This Author:Growth At Any Price (GAAP) Is A Bad Strategy. Valuation Matters.
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