Wealth Watch: Markets Look Primed to Finish the Year Strong

Wealth Watch: Markets Look Primed to Finish the Year Strong

August 27, 2021

From the desk of Vance Howard:

The HCM-BuyLine® is positive, and as per usual, any pullback should be bought. Look for the market to move higher over the last two quarters of 2021. Fed Chair Powell gave the markets a boost this morning with his comments about being slow to raise rates, but in all probability, they will start to taper later in the year. Another positive for the markets is that the Delta-variant is receding (our central case), economic resilience will resume, and this is a positive setup for stocks. This is the reason we have seen Cyclicals rallying so strongly in the past week. 


The Semiconductors index (SOXX) again looks strong and has been slowly moving higher. If it can break above $471, this index should move much higher and end the year strong. We would buy the ETF and not try to pick a few stocks. 


JETS, the ETF of all the major airlines, has made a short-term double bottom and looks ready to move higher. If it can move to about $24 we could see a run up to the 1st quarter highs around $29 a share. Any good news on the Delta Covid front will help this sector. 


Last we have IBB, a Biotech ETF. It did move above its February high, and point of resistance at $174, but has since pulled back to the 50-day moving average. We think it is looking stronger and should perform well going into the last two quarters. 


Vance Howard

Copyright © 2021, All rights reserved.

Our mailing address is:

Howard Capital Management Inc.
1145 Hembree Rd
Roswell, GA 30076

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.

© 2021 Howard Capital Management, Inc. All rights reserved. Intended for receipt only and not for further distribution without the consent of Howard Capital Management, Inc.

McCarthy Financial Group's Blog: Market Insights & Wealth Watch

Schedule Appointment