Top Advisors Corner

David Keller: Comparing Corrections

When the market enters a corrective pattern, I like to compare the current move to previous corrections.  I’ve written before about how corrections can make you feel, but in this case let’s remove the emotion and simply review the facts.  Here we’ll consider cap tier performance as well as breadth analysis to put this correction into proper context.

Back on May 10th, I wrote about the divergence between large cap stocks and mid and small cap indexes, and included this chart to illustrate the point.

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Tom McClellan: DJIA Arriving at the Real Seasonal Peak

Everyone has heard the old saying about “Sell in May and go away,” but history shows that the period of seasonal strength actually ends around August 1. But it is tougher to come up with a catchy rhyming phrase for that.  The question for this year, with such a strong market, is whether the normal seasonal weakness of August and September are really going to matter. Or will the market just power on through?

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Mary Ellen McGonagle: Marijuana Stocks Are Looking More Interesting Led By Increased Legalization and Growth in Medical Marijuana Sales.

As of April 2017, twenty-six states and the District of Columbia currently have laws broadly legalizing marijuana in some form.  Three other states will soon join them after recently passing measures permitting the use of medical marijuana. Those states that have not legalized it are in the process of at least reforming their cannabis laws.

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