Earnings season is not killing stocks, small caps roar back, and doubt about our economic growth model is no reason to abandon stocks. ——— Earnings Season is Not Killing Stocks A few weeks ago, bears warned that if you thought the stock market had been rough this year through June, just you wait until second-quarter […]
Author Archives: Jason Kelly
BlackRock Downgrades Stocks
BlackRock downgrades stocks but still recommends them for the long term, so it must be recommending short-term timing, which doesn’t work. Plus, the bond market catches a bid and yields are falling; and PepsiCo, for one, is doing fine in this inflationary environment. ——— BlackRock says that the Fed and other central banks are constrained […]
Posted in Kelly Letter Podcast
Comments closed
The Kelly Letter Goes All In to Stocks
The Kelly Letter goes all-in to stocks, inflation is stabilizing, and past stock-market declines like this one led to solid recoveries. After the S&P 500 fell 20.6% in the first quarter, its worst first-half since 1970, The Kelly Letter went all-in yesterday. Stock/bond allocations per plan: 100/0 in 3Sig 94/6 in 6Sig 96/4 in 9Sig […]
Posted in Kelly Letter Podcast
Comments closed
Bear Market Thoughts
The S&P 500 is now in official bear market territory. This is hard on stock investors, even veterans, even ones like us who follow a systematic program. If you’re feeling queasy, you’re not alone. Sometimes it helps to go through common worries that fellow investors report, to see for yourself that you’re not alone. The […]
Posted in Portfolio Management
Comments closed
ETF Closures and Splits
With recent volatility, many readers have wondered about two issues they’ve read about regarding leveraged funds: can they “blow up” entirely, and what would a reverse split do to account values? I’ll cover them in order. Let’s define “blow up” as liquidate and stop trading. Many investors assume that because leveraged ETFs (LETFs) move at […]
Posted in Leverage, Portfolio Management, TQQQ
Comments closed
