Ugly Monday

In Friday’s newsletter, I said that the S&P 500 hasn’t had a 1% down day in more than three months. Excellent timing. The market is down about 1.3% today. A lot of tech and energy stocks are down especially hard. The defensive stocks, as you would expect, are down the least.

Last week, I mentioned Alpha Pro Tech (APT), the disaster stock. Its shares have been up as much as 30% today.

Bear in mind that a day like today is still in the “normal” camp. What’s unusual is how tame the market has been. That’s why today seems like a jolt.

So far, our Buy List is down much less than the overall market.

Posted by on January 27th, 2020 at 10:36 am


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