The NEW Daily Decision for 8.13.18 - Fresh Worries, But No Crisis


The State of the Markets:

A new worry about contagion, rising inflation, political risks, geopolitical issues, concerns about peak growth (especially in semiconductor-land) and, of course, the trade war all combined to create a weak ending to what had been, up to that point, a pretty good week. But given the overbought state of the market, the low volatility levels, and the propensity for the major indices to stair-step higher between intermittent bouts of selling lately, we shouldn't have been too surprised that the bears wound up having at least one day in the sun on Friday.

Although there is a laundry list of reasons for our furry friends to come out of hibernation every once in a while, the situation in Turkey appears to be center stage at the moment. Here's the deal in a nutshell. The Turkish lira is diving (the currency fell 14% alone on Friday and hit a record low against the U.S. dollar) for a variety of reasons, including spiking inflation, a political spat with the U.S. (which includes tough talk and a ramp up in sanctions) and the fact that Turkey's central bank has done nothing to support the country's currency.

Why do we care, you ask? After all, the currency situation in Turkey isn't new and Apple (AAPL), Microsoft (MSFT), Facebook (FB) and Google (GOOGL) probably don't derive much of their revenues from selling stuff to Turkey.

We care (well, to the tune of a couple hundred Dow points, anyway) because, in short, the weakness in Turkey's currency is fueling rampant inflation and making it more expensive for the country to repay its debts. Debts which, it shouldn't surprise you to learn, are (a) owed to foreign institutions, (b) denominated in foreign currencies ...

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The NEW Daily Decision for 8.6.18 - Goldilocks Looks To Be Alive And Well


The State of the Markets:

The headlines blared that the July's Jobs Report was a "miss." This was due to the fact that, according to the Labor Department, the economy created 157,000 new jobs last month, which was ...

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The NEW Daily Decision for 8.2.18


THE LATEST UPGRADE TO DAILY DECISION IS LIVE!

We are excited to announce that the latest upgrade to the Daily Decision service was implemented on Monday, July 9.

The new, state-of-the-art portfolio will be comprised of three parts.

  • 50% Risk ...
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The NEW Daily Decision for 8.1.18 - A Worry Worth Considering


The State of the Markets:

To be sure, there will be a lot of keystrokes used to talk about Apple (NASDAQ: AAPL) today. Frankly, it is very interesting to hear all the analysts talk about Apple's upside potential given ...

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The NEW Daily Decision - As Good As It Gets?


The State of the Markets:

After a sloppy June, stock market investors appear to be enjoying the month of July. So far at least, the S&P 500 sports a gain of 3.75% for the month and is inching closer ...

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The NEW Daily Decision for 7.23.18 - It's Time To Be Careful On That Ladder


The State of the Markets:

Since we are deep into summer vacation season, I'm going to keep things brief this morning and let the indicators do most of the talking.

My take on the current market action is the ...

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The NEW Daily Decision for 7.19.18 - A Look At The Big-Picture


The State of the Markets:

The original purpose for my oftentimes meandering morning market missive was to identify the driving forces behind the market action. The thinking was that putting to paper (so to speak) my thoughts on why Ms ...

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The NEW Daily Decision for 7.16.18 - Divergences Are Yellow Flags


The State of the Markets:

The NASDAQ - you know, the index where most of the market's hot stocks tends to trade - closed Friday at a fresh new all-time high. The S&P 500 appears to have broken out of the ...

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Update: The NEW Daily Decision Portfolio Positions

To review, the NEW Daily Decision Portfolio is designed to be a risk-managed, multi-strategy approach to the markets.

To start, 50% of the portfolio is allocated to our Risk Managed Growth strategy, which itself is comprised of 3 management strategies ...

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The NEW Daily Decision for 7.11.18 - Let's All Play: Breakout or Fakeout?


The State of the Markets:

CNBC's "Fast Money" kicked off their show Tuesday afternoon with a game they called "Breakout or Fakeout." To be honest, I usually have the T.V. on mute the vast majority of the day ...

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The Daily Decision for 7.10.18 - All About The Growth?


The State of the Markets:

Don't look now fans, but the S&P 500 is up three days in a row and has finished in the green five of the last seven sessions. This in the face of all the ...

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The Daily Decision for 6.11.18 - Buckle Up, This Will Be Interesting


The State of the Markets:

Good Monday morning and welcome back to the land of blinking screens. I hope you are buckled in as we've got a big week for the markets coming. So, before we review the state ...

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