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| Your Weekly Update Is Now Online | Dec 14, 2018 |
Dear Sheryl, There was a lot of back-and-forth trading this week. The stock market essentially “bounced along the bottom,” as the S&P 500, Dow and Nasdaq all made new intraday lows on Monday before rebounding in mid-week trading. While the choppiness certainly wasn’t fun, I’m not concerned. The bottom line is that every retest of the lows is systematically exhausting selling pressure. There was no panic selling on high volume. So, as long as trading volume remains light on pullbacks, I view every dip as a buying opportunity. Now, there were a few catalysts that triggered the selling this week, and in this week’s update, we’ll review what they were and why they’re beginning to settle down. I’ll also explain why next week could be a big one for Wall Street, and how we’re already well-positioned to profit from any Santa Claus rally that emerges. We’ll also take a look at our Growth Investor companies that made headlines this week, and I’ll share updates on our two most volatile stocks from this week.
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