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Market Update 3 - October 30, 2018

Hi everyone,

I will be in Boston Nov 4-18 at my office if anyone would like to visit. Going forward I will be spending more time back in Boston after the holidays (however I will do my utmost to avoid most of the winter!).

I wanted to give you another market update. For those of you that have no interest in the market or watching a video, feel free to skip it. I spend time on these videos for the 25% or so of clients and followers whom I know want to hear some commentary on the current market from someplace other than CNBC.

Video Summary for those who don't want to watch

My summary is that:
 

  • It looks like the market is trying to rally up. 
  • Market internals point to buying, at least in the short term
  • We are at level two but buyers appear to be coming in and the risk of a level 3 situation where a serious correction is possible seems to be diminishing.
  • Any strength in stock markets likely means higher interest rates - Fed caught between a rock and a hard place.
  • Bonus - some photos of the vineyard - Viansa in Sonoma (https://www.viansa.com/visit) where I shot the video today (10/30/2018).

Here's the video link:
https://youtu.be/ow13Sz9_vWM

And thank you all - questions? Let me know. 

Warmly,

Chris

Go to Chris' Youtube Video

Happy to help.

You can email me at chris@walnuthilladvisorsllc.com or call my office 888.278.9433 x5

Copyright © 2018 Chris Grande, All rights reserved.


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