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

How I See It
Market commentary provided by well-known technical and research analysts, financial authors, investment newsletter publishers, and economists. The opinions expressed each week represent their professional perspectives and not necessarily those of the magazine.

EPS growth should drive market higher

Editor’s note: Tony Dwyer, U.S. portfolio strategist for Canaccord Genuity, and his colleagues author a widely respected monthly overview of market conditions, technical factors, and future market outlook called the “Strategy Picture Book.” The...

Buy the rare P/E dip for a 27% gain

A successful strategy is to “buy the dip” in rising bull markets. The “dip” provides investors a profitable entry point for new money. This year has included prime examples. Buying the dips in February or March produced double-digit gains. The S&P...

Time to add market exposure on volatility?

Editor’s Note: Tony Dwyer, U.S. portfolio strategist for Canaccord Genuity, and his colleagues author a widely respected monthly overview of market conditions, technical factors, and future market outlook called the “Strategy Picture Book.” The...

Japanese yen disagrees with the price of gold

The price of gold carries on an interesting relationship with the exchange rate of the Japanese yen versus the dollar. Most of the time, the two move together, but they occasionally disagree. When that happens, it is usually the chart plot of the yen...

Understanding a trading-range market

Since mid-January of this year, the indexes and most of their components have been in a sideways technical formation called a “trading range.” A trading-range market condition is simply a wide sideways price action that moves between a low and a high...

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,...