Did you see Barron’s this weekend?
Take a look at the line at the top of the cover: “The S&P 500 just hit 6,000. Start worrying.”
Start worrying?
Seriously?
This is what the journalists are telling your parents’ financial advisors.
And they’re telling them this NOW?
When individual investors are coming off some of the most historic pessimism ever?
When Barron’s own portfolio manager polls are the most bearish ever?!
Now they want the financial advisor in his strip-mall office next to the Payless ShoeSource to scare anyone who walks in asking about mutual funds.
I personally don’t know anyone who reads newspapers.
I’m more of “see what the headlines are so we can do the opposite” kind of guy.
And this Barron’s cover certainly plays.
Because we’ve been buying stocks – obviously we’re buying stocks; it’s a bull market – seeing these kinds of headlines brings a smile to my face.
I hope it was as good for you as it was for me.
Cheers!
This Week in Everybody’s Wrong
On Monday, we talked about how the Nasdaq just had its best May in 35 years even though investors came into the month looking for a crash.
Technology led almost every bull market over the past 100 years.
Here’s why hedge funds were wrong – and this time is no different.
On Tuesday, we appreciated what could be the cleanest uptrend we’ll ever see.
Broadcom (AVGO) is the second-largest chip maker in the world.
Here’s why good earnings for Broadcom is good for the whole stock market.
On Wednesday, we met our man Down Under, Grant Hawkridge, our numbers guy behind the scenes.
Grant turns mountains of data into clear, visual insights.
Here’s how we stay on the right side of the trade.
On Thursday, we went back to the New York Athletic Club for real this time and in a suit for another visit with Peter Borish.
If Paul Tudor Jones is the Michael Jordan of macro trading, Peter is his Scottie Pippen.
Here’s why we’re watching the bond market right now for signals about this equity bull market.
On Friday, we looked at uptrends all over the planet.
It’s about more than U.S. stocks, especially with indexes everywhere hitting new highs.
Here’s why, as investors, we are Earthlings.
On Saturday, we revisited one of my favorite market stories right now.
But the Donald Trump vs Elon Musk drama is entertainment, not information.
Here’s why we follow price – the only thing that pays – and not gossip… even when it comes to TSLA.
Have a great Sunday.
I’ll see you Monday morning…
Stay sharp,
JC Parets, CMT
Founder, TrendLabs