Wealth Watch: HCM RANG THE BELL! HAPPY 2-YEAR ANNIVERSARY TO QQH AND LGH

Wealth Watch: HCM RANG THE BELL! HAPPY 2-YEAR ANNIVERSARY TO QQH AND LGH

November 18, 2021
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From the desk of Vance Howard:

Last week was a historic week for Howard Capital Management, Inc. as we rang the NYSE Closing Bell® and celebrated the launch of our two ETFs, QQH and LGH, and their two-year anniversary on the NYSE. We could not have asked for a better day, as the sun came out and was shining bright along with a very strong close on the exchanges. I guess HCM should ring the closing bell more often. Click the image below to watch

HCM NYSE Closing Bell


The HCM-BuyLine® is strong, and we do expect a strong market to close out 2021. We think most asset classes will rise and the rally will be widespread. 


SPY


WOW, inflation is on a tear! I was in extreme hopes that inflation was going to be transitory as they have been saying, but it appears that will not be the case. This is starting to look and smell a bit like when President Jimmy Carter was in office.

Americans across the country are seeing higher prices at the mall, grocery store and gas pump, causing new pain for their pocketbooks right as the holiday shopping season is set to commence.

According to numbers released by the labor department earlier this week, inflation has risen at its highest rate in three decades, as consumer prices soared by 6.2% compared to the same period last year. This is the biggest one-year jump seen in the government's consumer price index since 1990.

Many Americans now are too young to remember the pain and uncertainty that inflation wreaked on the country in the 1970s. It was a period of mass destruction economically, where wages and prices snowballed, and the purchasing power of savings dwindled before a painful correction that led to a recession and double-digit unemployment rates in the early 1980s.

Like the famous economist Milton Friedman stated years ago “inflation tax is like taxation without representation”. It will hit the lower income earners the hardest. Heating costs are expected to rise dramatically, and this means Americans should expect to shell out more money to heat their homes this year — especially if it is a very cold winter. Compared with last winter, households will spend 54% more for propane, 43% more for home heating oil, 30% more for natural gas and 6% more for electric heating, the US Energy Information Administration said in a new report Wednesday.   





Thanks,

Vance Howard


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This newsletter is a publication of Howard Capital Management, Inc. It should not be regarded as a complete analysis of the subjects discussed nor should the newsletter be construed as personalized investment advice. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. It should not be viewed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Howard Capital Management, Inc. (“HCM”), or any non-investment related content, made reference to directly or indirectly in this commentary will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this commentary serves as the receipt of, or as a substitute for, personalized investment advice from HCM. Please remember to contact your primary investment professional, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising HCM’s investment management services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment management services. HCM is neither a law firm nor a certified public accounting firm and no portion of the commentary content should be construed as legal or accounting advice. A copy of the HCM’s current written disclosure Brochure discussing our advisory services and fees continues to remain available upon request.

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