I’ll be away from the office for the next 12 days, enjoying summer’s end with friends at the (South) Jersey Shore. The show will go on at Rick’s Picks nonetheless, albeit in a lower gear. The Morning Line essays will cease temporarily, as will daily emails to readers and investors. But timely commentaries and trading recommendations via Facebook and You Tube will still be on offer whenever warranted. I use the phrase ‘whenever warranted’ with trepidation, since it sometimes seems as though Mr. Market enjoys doing really crazy things whenever I am away from my desk for more than a few days. This could be partially attributable to seasonality, with winter rallies and summer dives tracking the phases of the moon. But consider yourself warned that the dog days of summer are over, and that the stock market’s animal spirits are undoubtedly ready to re-emerge, perhaps even before Labor Day.
Updates for the Week Ahead
I have updated my guidance for gold and the E-Mini S&Ps due to Friday’s headline selloff on Wall Street. I hope you took seriously my warning about crazy things happening whenever I’m away from the office for more than a few days. If you don’t subscribe but wish to view the latest updates and others that I will be publishing between now and Sep 4 when I return to my desk, consider taking a two-week free trial subscription by entering your name and email address above.