"You're not really going to only rely on the firm's research, are you?" It was 1966. I had just landed a position as a broker on Wall Street. And at the time, I really did think my own firm's research would be more than enough for me and my clients.
Editor's note: This Thursday, at 8 p.m. Eastern time, Chaikin Analytics founder Marc Chaikin is going on camera to share an important message...
As you know, stocks have been volatile recently. They've swung wildly up and down in recent weeks. So Marc believes it's a critical time for his next market update...
In short, he'll explain a strange shift that has already seized control of U.S. stocks. And even better, he'll share exactly what to do to position yourself for it.
With Marc's big announcement looming, we're sharing a classic essay from him today...
It's an important lesson from his early days on Wall Street.
Longtime readers will likely recognize this essay. And as we hope you'll see, Marc's timeless message is as important as ever right now...
What Every Investor Needs in This Type of Market
By Marc Chaikin, founder, Chaikin Analytics
"You're not really going to only rely on the firm's research, are you?"
It was 1966. I had just landed a position as a broker on Wall Street. And at the time, I really did think my own firm's research would be more than enough for me and my clients.
But then, a member of the "old guard" pulled me aside to tell me different...
"Listen, you'll have to learn this on your own. But there's someone I think you should know about."
It might sound like a random piece of advice. But it was actually a life-changing introduction. And it completely transformed my approach to helping investors.
The man CNBC's Jim Cramer said he would never bet against is issuing a dire warning on September 19. That's when Wall Street legend Marc Chaikin is stepping forward to warn you of the 90-day threat that's coming and how you need to prepare immediately. We recommend you get the facts for yourself – learn more here.
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It started when my colleague introduced me to George Chestnutt's financial writing. I'm guessing you haven't heard of Chestnutt. But his work was pioneering at the time.
He used math to find the strongest industry groups – and the strongest stocks in those groups.
That made Chestnutt an outsider for sure. Back then, nearly everyone was looking at a smattering of fundamentals. Then, they'd assemble an interesting story around those few bullet points, and that was it.
The best storytellers turned out to be talented brokers. That is, they were talented at getting their clients to buy.
Great for them... not so great for their clients.
The day of that conversation, I realized my mentor was right. I needed more than just stories.
My clients deserved better. Not only that... to be able to really sell, I knew I'd need to have data to back up my claims.
So I did the most reasonable thing... I signed up for Chestnutt's newsletter service.
Chestnutt's work was my way of accessing the best data available at the time. And I knew that I wanted the best data available on my side.
Here's the thing, though. To get the best data, you need to go the extra mile...
Chestnutt was a bit out there compared with most analysts at the time. The guy spent his time meticulously tracking the major industries trading on Wall Street. He did a lot of it by hand. And he did the rest with early calculators.
Those of us who were around back then know that was a monumental task. You'd have to be a little crazy to even pursue it.
I didn't realize where I was headed, back in the '60s – not at first. But once I looked outside my own firm, I started to follow Chestnutt's path. My life's work became collecting data, parsing it, and using it to make evidence-based investing decisions.
I've been very fortunate and successful at it.
Bloomberg built my systems into its world-famous trading terminals. And its main competitor Refinitiv (previously Thomson Reuters) did, too.
I made finding the best data my life's goal. And just as important, I wanted to help folks by performing the best analysis on it.
I've found it deeply rewarding. And I'm passionate about sharing it. That's because the best data gives you an edge as an investor that nothing else can.
I saw firsthand exactly how important this was after the financial crisis in 2008...
I saw the little guy get creamed by Wall Street. So my focus shifted yet again.
I developed a set of tools for individual investors. They're specifically designed to turn trading and investing into a fair fight for people who aren't Wall Street elites.
Together, this set of tools is called the Power Gauge. And as regular PowerFeed readers know, I've poured everything I've learned over my more than 50 years in finance into it.
And the thing is... I'm seeing something big in the data today. In fact, it's the kind of market event that has a nasty habit of catching individual investors off guard.
So now, more than ever... you need good data. It's essential in today's market conditions.
That's also why this Thursday night, I'm going on camera to deliver a critical message about what I see coming for the market...
This week, the Federal Reserve is meeting to discuss interest rates. A long-awaited rate cut is all but certain. Unfortunately, the market implications surrounding a cut are anything but simple.
During my special event, I'll discuss the ramifications of the Fed decision. And I'll cover the exact moves you should take with your money to position yourself for the extreme domino effect that looks poised to trigger from the Fed meeting.
Put simply, I don't want you to be blindsided by something that could wreck your wealth before this year ends.
So please join me this Thursday, at 8 p.m. Eastern time for my special event on what I see coming for the market. This event is completely free to attend – we just ask that you register in advance. You can do so right here.
Good investing,
Marc Chaikin
Market View
Major Indexes and Notable Sectors
# Hld: Bullish Neutral Bearish
Dow 30
+0.59%
7
20
3
S&P 500
+0.16%
152
283
61
Nasdaq
-0.44%
19
63
18
Small Caps
+0.36%
578
971
376
Bonds
+0.9%
Financial
+1.28%
37
33
0
— According to the Chaikin Power Bar, Large Cap stocks and Small Cap stocks are Bullish. Major indexes are mixed.
* * * *
Sector Tracker
Sector movement over the last 5 days
Information Technology
+5.95%
Communication
+4.34%
Discretionary
+3.83%
Utilities
+3.21%
Materials
+3.07%
Real Estate
+2.74%
Industrials
+2.68%
Health Care
+1.43%
Staples
+0.75%
Financial
+0.29%
Energy
-0.07%
* * * *
Industry Focus
NYSE Technology Services
6
26
3
Over the past 6 months, the NYSE Technology subsector (XNTK) has underperformed the S&P 500 by -5.41%. However, its Power Bar ratio, which measures future potential, is Strong, with more Bullish than Bearish stocks. It is currently ranked #11 of 21 subsectors and has moved up 2 slots over the past week.
Top Stocks
BABA
Alibaba Group Holdin
MELI
MercadoLibre, Inc.
NOW
ServiceNow, Inc.
* * * *
Top Movers
Gainers
INTC
+6.36%
BBWI
+6.25%
ORCL
+5.12%
VST
+4.5%
INCY
+4.48%
Losers
QRVO
-6.68%
SWKS
-5.09%
MU
-4.43%
MOS
-3.64%
ETSY
-3.18%
* * * *
Earnings Report
Reporting Today
Rating
Before Open
After Close
No earnings reporting today.
Earnings Surprises
No significant Earnings Surprises in the Russell 3000.
* * * *
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