'Tis Only My Opinion - August 2018 - "Road Trip Observations" is now available.



Current Outlook

"August 2018"

109 months and counting ...

The market continues to show an ability to stay away from a meaningful decline.

Is the PPT active?

The FAANGNOSH stocks continue to look nervous. Tax cuts, stock buybacks and earnings reports continue to prevent significant downturns. Margin debt continues to climb.

The market is "twitchy" to me as it follows each nuance of the day.

We continue to find that the number of "A-rated" stocks remains below the red zone which suggests that large institutions are finding it difficult to buy stocks.

Remember to ... "Keep It Safe, Simple and Stay Focused!" going forward.

Fred Richards
August 1, 2018

 

Fred Richards' has published his 'Tis Only My Opinion articles for many years on a wide range of subjects and many are archived here. The current article is highlighted above.

Mr. Richards is a graduate of SMU and HBS, and a member of Who's Who in the World since 1965.

In 2017, Mr. Richards received the Marquis Who's Who Lifetime Achievement award.

Last updated - January 29, 2017
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