S&P 500 Weekly Update: Secular Bull Market Continues Despite Indecision On Short-Term Outlook


  • Financials rebound sharply and could help stabilize, then lead the major indices higher. Sector rotation keeps the long-term trend in place.
  • Both the Russell 2000 and the Dow Transports look ready to join the new high list as sector rotation continues.
  • U.S. economy remains in the sweet spot, not too hot and not too cold.
  • Global stock markets continue to break out as what only can be called a synchronized global recovery.

"Stability is everything. Being it emotional or physical. You need a solid ground to build anything on." - Anonymous

This past week marked the month end, quarter end, and the end of the first half. The bulls ruled in that time frame, and now the focus turns to what comes next.

The latest stats on the bull market reveal that it is now over 3,000 days old, up over 260%, and the second longest and second strongest since WWII. That's great but what does that do for us now. It's always the same when it comes to investing, what have you done for me lately? The consensus view is that investors are too complacent, and it's a sign that this may mark the end of the run.


Complacent? As far as I am concerned, that is a buzzword used by many that don't seem to have their eye on the ball. Can someone step up and show us the so-called hoards of market participants that are not worried if not downright scared of the ongoing political situation. Every client conversation about the stock market starts with that issue. Then, there are the concerns about the flattening yield curve and the Fed's recent interest rate increase. Oil prices have spiraled lower with concerns now that they may be related to global growth.

Then, we hear the commentary that there has been no corrective activity for so long, and this economic recovery is way overdue for recession. The list of client worries goes on and on with the summary ending that the VIX is too low, concluding that something has to be terribly wrong with this entire picture. Again I say, complacent? I guess I am looking at a different stock market than most pundits.

It then comes down to what is

This article was written by

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INDEPENDENT Financial Adviser / Professional Investor- with over 35 years of navigating the Stock market's "fear and greed" cycles that challenge the average investor. Investment strategies that combine Theory, Practice, and Experience to produce Portfolios focused on achieving positive returns. Last year I launched my Marketplace Service, "The SAVVY Investor", and it's been well received with positive reviews. I've been part of the SA family since 2013 and correctly called the bull market for over 8+ years now. 

MORE IMPORTANTLY, I recognized the change to the BEAR MARKET trend in February '22. 

Since then investors that followed my NEW ERA investment strategy have been able to survive and profit in this BEAR market. Winning advice that is well documented, helping investors to avoid the pitfalls and traps that wreak havoc on a portfolio with a focus on Income and Capital Preservation.

I manage the capital of only a handful of families and I see it as my number one job to protect their financial security. They don’t pay me to sell them investment products, beat an index, abandon true investing for mindless diversification or follow the Wall Street lemmings down the primrose path. I manage their money exactly as I manage my own so I don’t take any risk at all unless I strongly believe it is worth taking. I invite you to join the family of satisfied members and join the "SAVVY Investor".

Disclosure: I am/we are long AMZN, JPM, EW, HAL. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: The opinions rendered here are just that - opinions - and along with positions can change at any time.

As always I encourage readers to use common sense when it comes to managing any ideas that I decide to share with the community. Nowhere is it implied that any stock should be bought and put away until you die. Periodic reviews are mandatory to adjust to changes in the macro backdrop that will take place over time.

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