Jeffrey D. Saut
Jeffrey D. Saut was chief investment strategist at Raymond James & Associates Inc.
Jeffrey D. Saut was chief investment strategist at Raymond James & Associates Inc.
But all the confusion does not mean that there are no trends out there for investors to follow.
The following is an excerpt from the weekly investment outlook of Jeffry Saut, the managing director and chief investment strategist at Raymond James, for the week of August 2:
The call for this week: When I entered this business, some 40 years ago, one of my mentors told me to put 20% of my money into Treasury Bills, 20% into stocks, 20% into bonds, 20% into precious metals, and 20% into real estate.
Clearly it has been a “rough ride” for the equity markets since their parabolic peak of April 26th.
“She's got legs, she knows how to use them,” the year was 1990 and the group – ZZ Top; except in this case I am not talking about the hit song, but rather the stock market for after a somewhat “kiss your sister” type session the Dow put “legs on” to the upside late last Friday.
The following is an investment strategy column by Jeffrey D. Saut, managing director at Raymond James & Associates Inc.
Friday was a multi-swinging session, which is exactly what you want for a bottoming phase in the equity markets.
It's that time of year again when, as the Beatles state, “There's one for you, nineteen for me 'cause I'm the taxman.”
Herb Stein was Chairman of President Nixon's Council of Economic Advisors between 1972 and 1974.
An old stock market “saw” states, “Sell in May and go away,” emphasizing that the worst part of the year for stock performance is the months between May and November.
