The Wimbledon tennis finals were fantastic. I watched almost every point and continue to be amazed at the way Federer plays. It feels like a privilege to watch him play so I always try and catch the big matches.

Onward…

As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.

Ivanhoff and I took our weekly tour around the markets to keep up with all the momentum. You can watch or listen here.

At this point, almost everyone that is in the market feels smart. Every dip gets bought, and now rate cuts are coming.

The markets are forecasting a 100 percent chance of a rate cut. It is not for me to ponder if a rate cut is the ‘right’ thing for the FED to do. One interesting data point is that since 1980, the FED has cut rates 17 times with the market within 2 percent of all time highs and the S&P was HIGHER each time one year later.

While the FED ponders interest rate cuts, the financial stocks have joined the party.

By the way…have you noticed that every bank and financial investing app is now LEADING all their marketing with their high yield, risk free cash accounts?

In a raging bull market like we have witnessed the last 10 years, I would expect to see more aggressive stock market advertisements, not 2 percent cash accounts.

Sentiment remains pretty cautious (see cash account advertising) which is generally bullish for stocks.

I continue to ride the trends that got me here based on the price action, but I have an extra toe and finger out the door because it feels too good to be true.