Are You Suffering from Recency Bias?

By Michael Reilly | May 11, 2021

Recency bias is a cognitive bias that gives greater importance to the most recent events.  Recency bias in investing can cause investors to stick with something that worked previously, assuming it will continue to work today.  Ok, I’m with ya so far you say… Stick with me – my point is this isn’t 2020.  What worked…

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Is now the time Financials breakout to new all-time highs?

By Michael Reilly | January 19, 2021

In the most recent edition of ADAPT Weekly, I outlined an overwhelming number of relative strength signals that have developed and continue to develop, favoring global equities over all other asset classes. If you missed it, here’s a link to that article (click here to view article) – it’s an easy read and one I…

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Stocks Are Ripping Higher

By Michael Reilly | December 2, 2020

To be blunt, this market is ripping higher! We’re seeing a lot of new highs. In fact, we saw more new highs in November on both the New York Stock Exchange and the Nasdaq than we’ve seen since early 2018 – the former peak for risk on assets across the globe. Back in January and…

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It’s Time to “Seize the Day”

By Michael Reilly | November 6, 2019

Robin Williams said it best in the “Dead Poets Society” when he raised his hands in class and shouted, “Carpe Diem” (seize the day)! What a day – bullishness is everywhere!  Last week I told you that both the S&P 500 Index and the Nasdaq broke out to new all time highs. I said what…

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We have a market of stocks, not a stock market

By Michael Reilly | September 29, 2019

We have a market of stocks, not a stock market (ie. S&P 500). And just because the stock market (an index) isn’t going up, doesn’t mean there aren’t stocks in that market trading higher – sometimes much higher… While the S&P 500 index, what most people think of as “the market”, has only managed to…

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