The Debt Ceiling 'Deal' and DeSantis' Fundraising Strategy
Will the FBI Meet Today's Deadline to Turn Over the Biden Bribery Document?
FBI Director to Face Contempt Charges for Refusing to Turn Over Biden Bribery...
This Tweet From an MLB Pitcher Is Sure to Make Leftist Sports Media...
Rand Paul Releases Alternative to Biden-McCarthy Debt Deal
CUNY School of Law Commencement Speaker Delivered a Speech That Was Off-the-Wall...
Another Murder Happens Because of Soft-on-Crime Los Angeles DA
MSNBC Host: Voters Will Not Get Why DeSantis Accuses Disney of Grooming Children
Latest DC Robbery Suspect Shows How Crime Is Out of Control
Despite Bud Light's Efforts, Sales Continue Downward Spiral
Pro-Life Supporters 'Brutally’ Attacked Outside Baltimore Abortion Clinic
Here's What Gavin Newsom Was Tweeting About on Memorial Day
Texas High School Postpones Graduation After Most Students Fail to Earn Their Diploma
How Did Chicago's Anti-Violence 'Peacekeepers' Experiment Go Over the Long Weekend?
Trans Predator Who ‘Identifies As a Teenager’ Reportedly Pleads Guilty to Enticement of...
OPINION

After Armageddon

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.

While we’ve seen the market moving almost straight up over the last eight or nine sessions, it still seems like it’s trying to figure out what’s next.

In the S&P, we’ve tested the upper end of the range, up around that 1215 level, but have yet to penetrate. And if you were to overlay a chart of the 10-year on the S&P chart, you’d see the two markets moving in opposite directions.

That, my friends, is classic asset allocation. Now, as we’ve priced in Armageddon and earnings season is upon us, the question is, when exactly are we going to see the next big move?

There’s a lot of information coming out over the next couple of days that’s important to watch.

After jobless claims and international trade came in more or less in line, what I really want to see is retail sales, business inventories and import/export numbers.

By themselves, those figures might not tell us much. But they’re pieces of the puzzle that can help us get a clearer picture of where the market could be headed.

--

I was very happy to have Michael Dever of Brandywine Asset Management and author of “Jackass Investing: Don’t Do It, Profit From It," as my guest host on The Jack B. Show today. In his book, Michael uses extensive research and more than 30 years of trading experience to put together and refute 20 investment myths. (Yes, folks, one of those myths is that buy and hold works for long-term investors!) I’ve talked a lot about how important it is to be a market contrarian—buy when others are selling and sell when others are buying—and to keep emotions out of your trade. Michael’s philosophy is right in step with that—terrific stuff.

--

I was also very happy to welcome Dave Lemont and Jeff Garcia of Currensee onto the show this morning. Currensee has created an entirely new approach to the forex market by which the top money managers in the world are brought together and individual investors like you and me are allowed to look at their track records and follow the lead of our favorites. Currensee then replicates the trades the manager makes directly into the accounts of individual investors.  It’s almost like crowd-sourcing information from all the best traders and using it to inform your decisions—pretty neat stuff.

You’ve heard me talk a lot about the importance of having a non-correlating asset class as part of a properly diversified portfolio. Futures, of course, are the closest to my heart, but I believe there can be a lot of value in having exposure in the forex world as well. A lot of people have been asking me specifically about currency markets lately, so I decided to team up with Currensee for an informational webinar October 27 at 4:30pm ET. In it, we’ll discuss the five best-kept secrets of the foreign currency trading.

Be sure and sign up today!

www.thejackbshow.com
Facebook / Twitter


John Ransom | Create Your Badge

Twitter http://twitter.com/#!/bamransom -See more top stories from Townhall Finance. New Homepage, more content. Be the best informed fiscal conservative.


John Ransom | Create Your Badge

Twitter http://twitter.com/#!/bamransom -See more top stories from Townhall Finance. New Homepage, more content. Be the best informed fiscal conservative.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Video