A Q1 Pullback Appears Likely but Temporary

Coincidently, as I was preparing for this week’s note, I came across a quote from Peter Lynch, the legendary portfolio manager of Fidelity’s Magellan Fund between 1977-1990. Peter noted that _“FAR MORE MONEY HAS BEEN LOST BY INVESTORS PREPARING FOR CORRECTIONS THAN HAS BEEN LOST IN THE CORRECTIONS THEMSELVES”._ I...

Short Lived Pullback Underway - Key S&P Levels to Focus On

Equity markets pulled back this week but I’M EXPECTING THE CURRENT PULLBACK TO BE SHORT-LIVED WITH FURTHER UPSIDE INTO YEAR-END AND EARLY Q1. By February, however, weekly indicators tracking 1-2 quarter shifts are likely to be overbought after bottoming at the beginning of September with most cyclical stocks. The pending...