The week ahead probably isn’t what the headlines suggest

Good morning! 👋

Just a quick reminder that I’m on the road this morning en route to Lost Wages (Las Vegas) for the Investment Masters Symposium.

I’ll be leading off a fabulous few days with a keynote address on “How to Play Offense, Even If You Must Think Defensively to Do It.” Then, I’ll be joining my colleagues, the fabulous Charles Payne, Lindsey Piegza, and Kenny Polcari on stage for a discussion about the widely rumoured but somehow never-yet-here Fed Pivot.

Of course, I’m also planning to spend as much time as I can with the many One Bar Ahead® Family Members who are in attendance. We’ll be talking money, markets, motorcycles, and martinis, no doubt.

I’ll be on Twitter sporadically throughout the week. My Twitter... err, X handle is @fitz_keith if you’d like to check in. I’m also hoping to put a few thoughts on YouTube.

Meanwhile, keep your head screwed on straight and your wits about you.

My analysis suggests that the selling may not be over yet, and I say that based on a combination of rising liquidity but falling MMI readings. It’ll be short term, of course, but you can probably expect some sort of rotation into defensive stocks this week as earnings season rolls on.

More Fed commentary from the peanut gallery would add to the skittishness, but that, too, is probably going to be nothing more than short-term noise. There’s still trillions on the sidelines looking for a home, and as we head into the second half of 2023, that’s a recipe for still higher prices ahead, as long as the path of least resistance remains higher.

You got this and, as always, MAKE it a great day!

Best regards for health and wealth,

Keith 😊