In this week’s video, Paul Goodwin, chief analyst of Cabot Global Stocks Explorer (formerly Cabot Emerging Markets Investor), takes a look at both U.S. and emerging markets and sees a “yes, but” situation. Yes, some of the major indexes are above their 25- and 50-day moving averages, but most of them have been range-bound for months, and there’s not really a clear direction to work with. Paul also sings the praises of the Cabot Wealth Summit, which will be held in Salem, MA on August 15–17, and will give people a chance to pick the brains of Cabot analysts with almost 200 years of market experience. Paul concludes with a look at how much information a weekly (as opposed to a daily) chart can give you about a stock’s main direction, using the FANG stocks, the BAT stocks and a few recent favorites.
Please note: the video was recorded on Thursday after the market close.
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