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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Timothy Lutts heads one of America’s most respected independent investment advisory services. Each week, Tim personally picks the single best stock in his exclusive Cabot Stock of the Week advisory. Build your wealth and reduce your risk with the top stock each week for current market conditionsLearn More