Some days I feel as if I am repeating myself. Perhaps, I feel this way because I am repeating myself. Sometimes, though, it is, in my mind, a necessary “evil” because the negative forces at work are so powerful that breaking through requires an effort of huge proportions. So, as September (the worst month of the year for the market – be afraid, be very afraid) comes to a close, it would appear the rally that has defined the month is not over. In fact, I still suggest September is just the beginning …
- NEW YORK (AP) — Stocks resumed a September rally Friday following a sharp jump in orders for manufactured goods last month and better news about the European economy.
- NEW YORK (Reuters) – U.S. stock indexes rose almost 2 percent on Friday as a rebound in business spending and steady home sales in August fueled investor optimism and provided firmer ground for a sustainable rally. … Despite data showing new U.S. single-family home sales were flat in August, investors poured money in stocks, suggesting they may have finally come on board with the move in equities. The S&P 500 had crossed above technical lines several times in the past few days but had been unable to sustain the gains.
- WESTLAKE VILLAGE, Calif. – U.S. auto dealers have been seeing stronger new-vehicle sales in September after a tumultuous summer, J.D. Power and Associates said Thursday … J.D. Power is predicting that September’s retail selling rate — or the rate of vehicles sold to individual customers but not fleets — will be the highest in two years.
- Checkout Caterpillar’s latest numbers.
- Check out transportation numbers – rail and air shippers.
As I have said before, I believe that learning the history of a thing is a great way to understand a thing. Certainly, studying human history provides insight into both our present and our potential future. History provides context for human behavior and context frames understanding. So, if I wish to speculate as to where we are headed as humans, I look to history for the frame, and I look through the chatter of the present for facts. Once I have acquired the facts, I can then extrapolate a conclusion about the future. Gee whiz, this sounds just like the process for finding potential trades.
So, I repeat, with history as our frame, the current facts point to the conclusion that the opportunities to make money in the world of trading are here, and more are coming as we move through the complete economic cycle. By the way, the current point in this economic cycle is the soft middle of the recovery cycle, the point in the cycle that precedes a stronger move to the upside, at least that is what history tells us …
Trade in the day; invest in your life …
