The markets — and our offices — are closed today to observe Labor Day. So we don’t have any actions to take, and I won’t send a Weekly Trade Wrap video this week. Look for our next batch of trades at 2 p.m. Eastern on Monday, September 12. If you have any questions in the meantime, drop us a note at Windfalls@MoneyandMarkets.com.
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Read MoreThe stock market showed weakness at the start of the week as investors awaited comments from Federal Reserve Chair Jerome Powell at the Fed’s annual Jackson Hole, Wyoming, symposium. Investors are eager for any clues Powell might give on future of rate hikes. Inflation and recession fears are still lingering.
Read MoreThe stock market rallied until Wednesday, when bullish investors paused in their willingness to continue bidding prices higher. It’s tough to say whether that hesitance will last just a few days or is the start of the market’s next turn lower. I’ve explained in my other premium research and trading services how the base-case scenario I’m planning for is that the market’s bear market continues “longer and lower.” If that turns out to be true, the current rally since mid-June is merely a “bear market rally.” And it may have begun to run out of steam…
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