As the major market indexes approach their July peaks, levels that represent their all time record highs....

Growth has let the rebound since the August 5th selling route....

Gene discusses market sectors and what he looks for....

The stock market is in the throws of a seasonal and cyclical period that runs between August and October.

It is now been 2 weeks since the stock market fell sharp and the CBOE Volatility Index reached panic stage levels...

Shortly after the August 5th selling rout, I had mentioned that it’s important to consider the cup-and-handle formations that had developed in stocks, sectors and themes shortly after the lows were struck last October. 

Staying the course with the longer-term market leaders through short-term volatility has often proven to be the best strategy. The latest of this is the trading action following the August 5 decline. 

From 65 to 18, where it currently stands, the CBOE Volatility Index has had a mighty swing... 

The great American “philosopher” Yogi Berra said it best: “It ain’t over ‘til it’s over.” I think that applies well to the current market condition. 

If history is any guide — and I think that it is relevant — then the selloff on Monday was a climactic one similar to the extreme selloffs that we saw during the Great Financial Crisis, and again amid the initial Covid outbreak.