The passing of "The Maestro" brought back a memory of this day 10 years ago, when I had the incredible honor of interviewing this amazing man for a Schwab event.
While my year-end outlook (SPX 5,800) hasn't changed at all, I took a few small profits off the table today. Sometimes it's good to do a little bit of harvesting.
It's a good day when the prevailing weak economy thesis is wrong. It's not good for the treasury bond market, but it's a good day for the economy. On the positive side, the inflation figures keep improving.
While my year-end outlook (SPX 5,800) hasn't changed at all, I took a few small profits off the table today. Sometimes it's good to do a little bit of harvesting.
While my year-end outlook (SPX 5,800) hasn't changed at all, I took a few small profits off the table today. Sometimes it's good to do a little bit of harvesting.
Now that's what I call a rebound! From last Friday’s close to the opening low on Monday, the SPX had fallen 227 points (-4.2%). At yesterday’s close the SPX was only -27 points for the week.