This Left-for-Dead Industry is Staging a Surprise Recovery

Jul 9, 2020

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01:13 PM PST

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Gotta be honest here.... I spent the better part of the day trying to talk myself out of writing about today's topic. Aside from being a bit of an enigma, what I'm going to say to you is probably going to be a fairly unpopular idea, and I'm not sure I want stir up a hornet's nest.


Yet, I wasn't able to avoid it. We've always made a point here at the SCN to tell investors things they need to know, because the mainstream media machine doesn't always do so (even though it often feels like they do).

The Market Finds a Floor Right Where it Should. Now What?

Jul 9, 2020

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01:13 PM PST

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Howdy folks. How was your weekend? You probably already know there's an 800 pound gorilla in the room.... the market's continued breakdown today, which pulled the indices under some critical technical levels. Let's just start there, since it's by far the most important question on the table. Just as a teaser though, today's meltdown could have been exactly what the BULLS needed to see. There's just one small problem with getting full-on bullish here.


At a Fork in the Road

The Rest of the Unemployment Story (like the retiree-skew)

Jul 9, 2020

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01:13 PM PST

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Ouch. Well that wasn't very much fun. Gotta be honest about Friday's decimation though... I really don't think it's a glimpse into the current investor psyche. That is to say, I seriously doubt the market has been thrown over a cliff and is now going to plunge to its doom. If anything, I suspect Friday's big pullback hit the proverbial reset button on the rally, and I'm looking for the bulls will come back swinging next week.


I'll explain why I believe that in just a moment. First, let's give you the rest of the employment story you didn't get today. I've also added some of my own data to the mix that should really put things in a different perspective regarding the true state of employment in the United States right now. After that, we've got another exit to make for one of our positions.

New Highs For the Market Still Aren't Convincing Enough

Jul 9, 2020

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01:13 PM PST

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Well, you probably don't need me to tell you the market made some critical progress today. While I still have my doubts and need to see a couple of things happen before I dig in too deeply, numbers and charts don't lie - the S&P 500 pushed through some serious resistance on Wednesday to reach another record high. Problem: The volume behind today's bullish effort was once again rather tepid.


That's the short way of telling you I'm not going to let myself get too excited here.

The Market is "Rigged"? Here's Why We Don't Care.

Jul 9, 2020

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01:13 PM PST

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Welcome back, folks. We hope you all had a great weekend.


You know, while I usually have a pretty good idea of what I'm going to say in the next couple of newsletters (there's always more to say to you guys than I have time or space to say it in), I'm not too proud to confess that as of yesterday afternoon, I was still unsure of what I wanted to pass along to our readers in Monday's newsletter.

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