October 2022 Monthly Letter
After a bumpy start, the U.S. stock market went up at a blistering pace to end the month on a positive footing. Within the stock indexes, the real action was in the Dow Industrials, which jumped 13.95% last month, its biggest monthly gain since January 1976, its best October on record, and the 11th best […]
Half Way Though – On Life Support
November 7, 2022 Good morning, The S&P 500 Index was down -3.35% last week, which was the first half of what I have called the current rally’s testing period. Recall the 4 events of the 2-week testing period: the Fed comments last Wednesday, Jobs data last Friday, the mid-term election tomorrow and CPI data on […]