Active investment management’s weekly magazine for fee-based advisors

Tom McClellan

Tom McClellan is the editor of The McClellan Market Report newsletter and its companion, Daily Edition. He started that publication in 1995 with his father Sherman McClellan, the co-creator of the McClellan Oscillator, and Tom still has the privilege of working with his father. Tom is a 1982 graduate of West Point, and served 11 years as an Army helicopter pilot before moving to his current career. Tom was named by Timer Digest as the #1 Long-Term Stock Market Timer for both 2011 and 2012.

High-grade-bond summation index oversold

The world was convinced that inflation was imminent, that bond yields were rising, and thus that investors ought to dump anything bond-related. The 10-year Treasury note was assuredly headed north of 3%, people were going to stop taking out mortgages,...