Market Commentary Monday, October 18, 2021

Market Commentary Monday, October 18, 2021

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October 17, 2021

EXECUTIVE SUMMARY

Newsletter Trades ? 1 Sale for 4 Portfolios Buckingham Media ? Barron's Live and Bloomberg TV Market Timing ? Only Problem is Getting the Timing Right Inflation ? CPI Jumps Again; Historical Equity Returns Taper ? 2013/2014 Precedent Econ News ? Strong Retail Sales Econ Outlook ? IMF Modestly Trims Forecast Dimon Perspective ? Fairly Good Economy Corporate Profits ? Q3 Reporting Season Off to a Good Start Dividends ? Income from Equities Adds to Appeal Sentiment ? Still Minimal Enthusiasm Toward Stocks Target Prices ? New Listing Coming to Stock News ? Updates on JPM, BAC, MS, GS, C, BLK, PNC, TFC & DAL

Market Review

As discussed on our October 11 Sales Alert we sold 725 and 50 shares of Jabil Inc. (JBL ? $62.36) respectively held in TPS Portfolio and Buckingham Portfolio at $61.0785 on Wednesday, October 13.

We will use that price to close out 154 and 329 JBL shares respectively held in our two hypothetical accounts, Millennium Portfolio and PruFolio. ***** For those interested in hearing directly from your Editor, the Barron's Live interview from Monday, October 11, is available via the following link:

It is also available on Spotify & Apple Podcast apps as the episode from Oct 11 on the Barron's Live show.

I am also slated to appear live on Bloomberg TV's The Close on Friday, October 22 at 3:40 PM Eastern; 12:40 PM Pacific. *****

It was a not-so-great start and a terrific ending to the second full trading week of October, continuing the rebound from the September swoon...

...and propelling the Dow Jones Industrial Average to within 2% of James K. Glassman's 36,000 prediction made more than two decades ago.

To be sure, Dow 36,000 has not yet been breached and there is no guarantee that the index will eclipse the figure, but equities have provided handsome long-term rewards,...

...for those who remember that time in the market trumps market timing.

Alas, with even Mr. Glassman seemingly one of the many investors who have achieved subpar returns over the last 20 years,...

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