We noted previously that the market would likely work its way higher in the first few weeks of September. Now momentum appears to be fading short of previous all-time highs. With the Fed’s interest rate cut behind us, future price increases need support from alleviating trade issues and more interest rate cuts. Neither of those factors exist yet.
Christopher Davies Tags: eem, ETFs, EWZ, FXE, GLD, IWM, IYR, OIH, QQQ, SLV, SPY, TLT, XLB, XLF, XLI, XLk, XLP, XLV, XRT
Below we show a correlation matrix of some of the more popular US ETFs. As a reminder, the closer the correlation is to +1 the stronger the positive relationship. And the closer the number to —1 the stronger the negative relationship. How can we use this knowledge? Two ways: Diversification. One of the tenants of Read more ➝
Christopher Davies Tags: AGG, BND, oil, SCO, Seasonal Strategy, TLT, XLP, XLU, XLV
Alan McGregor Tags: Compass, Devere, Hansard, Providence Life, Vantage
This week, we celebrate(!) our beloved offspring returning to school. This time of year reminds us how quickly time passes and how little time we have to enjoy our children. The event also turns our thoughts to the financial implications of education whether that be for primary, secondary, tertiary or all three. A good education Read more ➝
Pending anymore tweets and geopolictical uphevals, we can expect the market to move higher toward the July highs until the last week of the September. Strong bullish market moves will likely remain elusive until November.
Christopher Davies Tags: AGG, DJIA, GLD, NASDAQ, SPX
September’s markets can be much weaker than usual. Investors often looking to precious metals and bonds as areas of safety. Semiconductors are usually the weakest sector.
Even during pre-election years in the US, markets are their weakest in September. The last week of the month is extremely weak.
Working with our US interns in Moscow has always been exciting and inspiring. Over the last 20 years, AVC Advisory has hosted more than 40 interns with many becoming life-long friends. This year we are happy to have Kathe Erichsen work with us. Besides doing tremendous research into the new laws requiring Swiss Banks to Read more ➝