As the action ultimately turned negative today down. S p declining. 80 and believe it tech and 234nasdaq plunging 1. 6. This month the market is led by the covid winners, the names that do fine when the economy is frozen those are not the stocks that lead us higher when times are good but as we saw today, covid plays could lead lower when the economy is improving are we finally emerging from the trough lets consider the case here first, you need to know. Were in a dangerous place its dangerous to be where we are because you can never tell if the economy is really at an Inflection Point until after and even if it is, covid stocks make up the average and drag down everything were now in the third day of this rotation with the Fastest Growing covid winners, industrials, travelers, retail these groups struggled to find their footing because they are covid losers but now in the morning today but the last two days, they are on fire i mean, did they give up the ghost at the end of the day . I
Tweet me jim kramer the worst hit, tech especially the cloud plays that were roaring hard not that long ago. They were crushed and the worst part, i dont think that the selling is over. Yeah, anything that helps enterprises harness the power of the cloud had been on fire coming into todays session along with anything related to streaming content and thats because of the wildly successful disney plus, the new over the top service. Theyve been the big winners for several weeks ever since nvidia and splunk whats driving this new found weakness and how long will it last isnt that what you want to know im going to walk you through all the reasons so you know whats ahead first, its the beginning of a new month, right almost every new month especially after a very big run we get a period where large funds decide to take something off the table. Not a dumb idea. Given that no one was expecting this selling, witness the clueless pajama traders as of last night and this morning who were still bu
So tonight were going to take a step back, try to put all this discipline stuff into perspective. If you pick your own stocks, the thing you need above Everything Else is judgment obviously good investigating judgment isnt something you can be taught in a month or a year i try to give you the tools you need to develop your own judgment all my best professors in college focused on teaching us how to be a better investor, not just tell you the stocks that ii think are Good Investments the problem is thats a heck of a lot to process when youre managing your own money, before any other consideration, you need to know yourself you simply cant know which stocks you should buy if you havent taken time to consider what your own personal obje objectives are are you just trying to get a decent return as you save for retirement do you have money to burn, and youre willing to take risks on more speculative propositions . Theres no one size fits all approach to investing and anyone who tells you di
Dow climb 2g 28 points s p advancing 2. 2 its time to revisit fang, my acronym for facebook, amazon, apple, netflix, alphabet, aka google ill throw in the other big tech theme under fire, microsoft. Lets start with apple in the Tour De Force of the new iphone and the watch to me it looks incredible. Battery lifes longer. One hour to four hours depending on your new model. Cheaper prices you also get apple plus, their new streaming service for free with purchase. 4. 99 per month value. Ive looked at some of what theyre developing for the video platform even though i think it is universally poopooed, over time i think youll see its essential watching its half the price of netflix i like the entertainment the new watches 0e78 only cost 199 i think thats the price point to get worldwide adoption for this thing which will only layer on still more Service Revenue. I have fantasy football on this thing. Every time one of my guys scores,explosive when a version of the ipod hit that level, 199,
Investor that it would be hard to keep track of everything you do and a lot of this stuff is much more important than the day to day action. Without the right discipline, the right frame working the right dare i say philosophy, youre going to get yourself into trouble but i also know big picture Financial Advice is hard to process a lot of it seems down right contradictory to most people we tell you to have conviction, to stick with the companies you believe in and say you need to be ready to change your mind on the dime you need to be cautious because its so dangerous out there but you also need to be ready to pounce on opportunities when they spent themselves. You need to be skeptical but you also need to know when to suspend your belief, disbelief you need to avoid chasing stocks that have run too much, but you also shouldnt care too much where a stock is coming from if you believe its headed higher you know the rules, it doesnt matter where a stock has come from, its where its head