Postcards: GET OUT of Florida!

Before you check out of the Florida Republic for a few days, there's a checklist you need to complete. Also, weakness in the energy sector, strength in the shipping sector, and madness on the Russell

Market Update: Did you see it happen again today?

A small morning squeeze, and then plenty of low volume selling into the end of the day that took us lower than the open? It keeps happening. That’s how this works as we barrel lower. The energy sector is back under stress (good time to take any recent profits), and technology and cyclical stocks are negative. We’ll get the jobs report tomorrow. Fridays have been great for the market in the last 12 months. In one of the more insane things I’ve seen in a while, the S&P 500 is hovering near its 20-day moving average, yet technology stocks are almost oversold. Based on these metrics, I wouldn’t be shocked by a squeeze tomorrow across the board. But don’t be mistaken, when we see this level of selling pressure, it tends to take us lower over six weeks. We’re in the middle of a no-man’s land everywhere between the 20-day and 50-day.

Dear Fellow Expat:

Southwest Airlines flies direct from Fort Myers Airport to Baltimore-Washington Internationa…