Steven Russolillo at WSJ writes on the latest morning note from Nicholas Colas, chief market strategist at ConvergEx Group:
Colas says he believe stocks are “clearly setup for a pullback” over the next month, given the strong complacency that has engulfed investors of all stripes. That said, he says stocks still look attractive over a longer-term time horizon.
via For Stocks, Are Record Highs Warranted? – MarketBeat – WSJ.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients.
Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter.
Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.