Weekly Market Updates

Feb 19 2019

By Jeffrey D. Saut

“ . . . A man has rigged up a turkey trap with a trail of corn leading into a big box with a hinged door. The man holds a long piece of twine connected to the door that he can use to pull the door shut once enough turkeys have wandered into the box. However, once he shuts the door, he can’t open it again without going back into the box, which would scare away any turkeys lurking on the outside. One day he had a dozen turkeys in his box. Then one walked out, leaving eleven. ‘I should have pulled the string when there were twelve inside,’ he thought, ‘but maybe if I wait, he will walk back in.’ While he was waiting for his twelfth turkey to return, two more turkeys walked out. ‘I should have been satisfied with the eleven,’ he thought. ‘If just one of them walks back, I will pull the string.’ While he was waiting, three more turkeys walked out. Eventually, he was left empty- handed. His problem was that he couldn’t give up the idea that some of the original turkeys would return . . . ”. . . Why You Win or Lose, by Fred C. Kelly

Feb 11 2019

By Jeffrey D. Saut

Who Do You Trust? was an American television game show, originally hosted by comedian Johnny Carson, which aired from 1957 to 1963. The series was initially emceed by Carson and announced by Bill Nimmo. A year into the run, Nimmo was replaced by Ed McMahon. Carson and McMahon departed in 1962 when Carson was hired to take over from Jack Paar on NBC’s Tonight Show.

Feb 04 2019

By Jeffrey D. Saut

“I know you ‘warned’ that you’d be too busy this week to pen your daily musings, but that doesn’t mean you’re not missed! (especially when 2713 on the S&P is making it harder to wait for the pullback—let alone a full retest, as others still opine—to reinvest the partial (I stress ‘partial’) cash recently raised). Safe travels . . . oh, and is there a print that would switch the near term bullish view back on or is the available energy even lower now and still needing to be recharged?"
. . . A Raymond James financial advisor

Jan 28 2019

By Jeffrey D. Saut

"Time is Archimedes’ Lever in Investing - Archimedes is often quoted as saying, 'Give me a lever long enough and I can move the earth.'

Jan 22 2019

By Jeffrey D. Saut

Ned Davis wrote the book “Being Right or Making Money” in 1991. We mention it this morning, because we are doing a conference call today with Ned at 10:00 a.m. (register here). As most of you know, Ned is one of the best on Wall Street.

Jan 17 2019

By Auro WM

Join our 2019 Master Class Series!

Jan 17 2019

By Auro WM

Download the latest from Auro WM here!

Jan 14 2019

By Raymond James

Volume 11, Issue 1, January 2019

Download the latest ISQ from Raymond James
here.

Jan 14 2019

By Jeffrey D. Saut

Recently, much has been written, and said, about a retest. The reference is about the major indices pulling back to their recent December closing lows, creating a double-bottom in the charts. In the case of the S&P 500 (SPX/2596.26) that would mean a pullback and retest of the December 24, 2018 closing low of 2351.10. As often written, our sense is that is not going to happen given the sequence of events the equity markets have been through over the past three months. Moreover, as we have also written: