Above, you will find a chart that compares the Nasdaq Composite of 2003 vs. 2023. I was inspired to look into this when I realized the market bottomed on October 10, 2002, and then bottomed recently on October 13, 2022, almost to the EXACT date 20 years later! When I looked into this further, I [...]
This past week, the market sent a loud and clear message that Artificial Intelligence (AI) is a game changer. Many companies are being completely repriced because of the revolution in AI, and when we look back at 2023, many will point to last week as the pivotal moment of the year. Now, before you accuse [...]
I’m more positive than most people on the market for the following reasons: 1) Indexes – The big institutions control the market. Therefore, it’s important to learn how to read charts and interpret what they are doing on a consistent basis. Right now, the Nasdaq Composite and S&P 500 are above strong levels of institutional [...]
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 [...]
“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 [...]
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 [...]
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 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 [...]
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 [...]
There’s a reason the late, great Marty Zweig came up with the phrase “Don’t Fight the Fed.” They’re not the only thing that controls the market, but they are very influential. The market moves for many reasons, but the two main factors are earnings and interest rates. Monitoring the Fed’s actions is important because they [...]