Forget the Macro and Focus on Price
The market could be setting up for a tradeable rally over the near-term for the following reasons: 1) 90% of what I use to judge the health of the market is the price action of growth stocks. Focusing on price not only helps to shut out the noise, but it also gives me a clearer picture of what’s truly happening in the market. Right now, there are tons of stocks looking great technically and fundamentally. [...]
The American Dream
“In 1923, seven men who had made it to the top of the financial success pyramid met together at the Edgewater Hotel in Chicago. Collectively, they controlled more wealth than the entire United States Treasury, and for years the media had held them up as examples of success. Who were they? Charles M. Schwab, president of the world’s largest steel company; Arthur Cutten, the greatest wheat speculator of his day; Richard Whitney, president of the [...]
Clip from MidWeek Video to Educational Members 12/7/22
If you're interested in more content like this, I am currently running a special for my Educational Product through Sunday, December 11th. Just use the code take100off and you will get $100 off your first quarter membership. Here is the link to sign up: https://joefahmy.com/investor-education In my Educational Product, I produce videos twice a week with market analysis and stock ideas. I also conduct regular Stock Screening Webinars. Here is a clip from the MidWeek [...]
Clip from Weekend Video to Educational Members 10/22/22
In my Educational Product, I produce videos twice a week with market analysis and stock ideas. I also conduct regular Stock Screening Webinars. Here is a clip from the Weekend Video for Educational Members on Saturday, October 22, 2022. If you're interested in more content like this, here is the link to sign up: https://joefahmy.com/investor-education I can be reached at: jfahmy@zorcapital.com. Disclaimer: This information is issued solely for informational and educational purposes and does [...]
Random Market Thoughts
I haven’t updated my blog in a while, so here are some random market thoughts (in no particular order): 1) In mid-December 2021, I turned cautious on the market, mainly because the Fed started talking about taking all their accommodation away. In a series of announcements between early December 2021 and mid-January 2022, the Fed discussed ending their bond purchases, raising interest rates, and decreasing their balance sheet. Since then, their hawkish actions have provided [...]
Brainwashed
There’s a generation of new investors that think stocks go up forever. Before I continue, I would like to emphasize two points: 1) I’m not being critical because when I first started investing, I thought the same thing. 2) Over a 10, 20, 30-year period, the indexes always go up, but the majority of individual stocks do not. The stock market is a master manipulator. It conditions us to think a certain way over and [...]