Since the Great Recession, market participants have had to hang on to every word coming out of the Fed and its governors. Central bankers became the driving force behind the bull market. It is no surprise that we have written far too many blog posts on Central Banks and their influence. Thankfully since May 2016, we haven't written anything on the Fed because they were essentially on hold. Furthermore, the economy has been gaining momentum and fundamentals are now the driving force behind the stock market hitting new highs.
How the fiduciary standard protects you
You may have heard media reports about a new fiduciary rule for retirement accounts that the Trump administration is trying to rescind. Understandably, you have questions about how this might impact to your accounts. The rule was designed to ensure recommendations made by financial advisors to their clients regarding their retirement accounts are always made in the best interests of the client without any conflicts of interest. This rule was set to go into effect in April, but that is being delayed by 180 days and may be killed entirely.
Wall Street’s biggest bull turns bearish
For years, Tom Lee has been known as Wall Street's eternal bull. His S&P targets were virtually always the most bullish on the street. When I reviewed what other strategists were predicting this year and Tom Lee hadn't released his numbers, I just assumed he would be the most bullish on the street, again. Perhaps we should check to see if Tom Lee has been abducted by aliens and replaced by a clone because Tom Lee is the most bearish strategist on the street with a S&P target of just 2275.
Why Not Now? Realizing Your Goal Starts With Action Today.
Last night before going to bed my wife asked me, “Can you turn on the humidifer?” “Sure,” I said burying my head back into my laptop to finish some work.
This morning the first thing I heard was, “How come you didn't turn the humidifier on?” Oops. After completing what I had been working on, I put the laptop down and quickly fell asleep.
And so, today, I write about ACTION always beats INTENTION.