Before we get in to stocks and charts, I just want to thank you for your support all these years. It really means a lot to me. Today I noticed I had 61.8K followers on Twitter! How about that? Leonardo Fibonacci would be proud!
This was my first week back living on the east coast. My 2-year plan to be in California turned into 4.5 beautiful years in Sonoma Valley. This was after spending 15 years total in the northeast between college in Fairfield, CT and over a decade in New York City.
I keep getting asked, "But JC why would you ever go back???" (this is happening at least several times each day).
The truth is that it was always the plan. It just took longer than we had anticipated because life is good out there! It also gave me the opportunity to put my head down and turn, what was just a product back in 2015, to the multi-national business you see today. We went from a one man show to a 10 man global team!
So now, as my wife tells me, it's time.
I milked it as long as I could, trust me. But it's the right thing to do so we can be closer to friends and family. California isn't going anywhere. Plus, we're making wine from some of the best Cabernet Sauvignon vineyards on planet earth.
We got an acre and a quarter in Calistoga that will produce 250 cases. We're aging the wine in 61.8% Neutral Oak Barrels and 38.2% New French Oak. We will also be harvesting 38.2% higher elevation grapes and 61.8% down by the creek. I'll keep you guys posted on the progress. We're excited! Follow Chateau Fibonacci on Instagram and @FibonacciWine on Twitter.
So I'm back.
I was nervous about how depressed I'd be leaving Wine Country in California to the Northeast right at the start of Winter! Well so far so good. This week I got to ring the closing bell at the New York Stock Exchange! That was so cool!
I also got a chance to visit the Wharton School at University of Pennsylvania. I was on their SiriusXM Radio Program with Jeremy Schwartz. We had a really great conversation and I even got to chat with Professor Jeremy Siegel. Him and I were debating US Interest Rates! I think I won haha but you tell me. The episode will be a podcast and published soon!
All this and then I hit 61.8K followers on Twitter? What a week!
In all seriousness, I really do appreciate all of you. I am incredibly blessed to be able to learn and meet amazing people because of the relationships I've built through these blog posts, emails, podcasts, videos, stocktwits and all the other amazing communities around the world.
This was my first week back in the Northeast and I felt right at home once again. So thank you!
Now let's talk stocks!
New all-time highs. Yea thanks. What else is new?
Here is the S&P500 apparently in quite a hurry to reach our upside objectives:
The Dow Jones Industrial Average continues to join along and is well on its way to our targets:
Transports are coming. If they're not making new all-time highs next quarter, I owe you a ticket to the New York Transportation Museum in Brooklyn! (If you ever get a chance to go it's actually really cool!)
And notice how it's not just in the United States. The S&P Global 100 Index looks just like the S&P and Dow Industrials right?
Emerging Markets are making new 52-week highs. This is all happening together. We're not seeing areas diverge. This is expansion in participation. Do you see that? This is the opposite of all the "weak breadth" fairy tales they've been telling you for 6 months.
India being the boss that it is new all-time highs:
Oh, and can we talk about this breakout in the Communications index? What more do you need to see? Remember 40% of this index is $GOOG & $FB - how do you think those two will do if this thing is going to 315?
It looks like the market is answering our question about Discretionary and Amazon:
Am I crazy? What am I missing?
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