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Brian Kelly
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MoneyLetter
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About Brian
Brian Kelly has enjoyed a long career in newsletter publishing and has maintained involvement with MoneyLetter continuously since 1984. He has been a member of the MoneyLetter Investment Committee for over 30 years. As vice president and product manager for IBC/Donoghue Inc., and IBC USA (Publications) Inc., Mr. Kelly was responsible for all aspects of the MoneyLetter group of products including planning, marketing, fulfillment, customer service, and public relations.
Brian's Articles
Equity markets have recovered most of the losses from late July and early August. Concerns about labor market weakness, recession, and the yen carry trade have lessened somewhat. And the historically elusive “soft landing” economic scenario that we have been forecasting for almost two years remains in place. The iShares Global 100 ETF (IOO) is a good play in this environment, observes Brian Kelly, editor of Money Letter.
On Wednesday, US stocks couldn’t hold gains from earlier in the session. Big tech stocks like Nvidia Corp. (NVDA) and Tesla Inc. (TSLA) declined about 3.5%. But overall, the markets seem to have calmed down from Monday’s sharp downturn. I like the North Square Dynamic Small Cap I Fund (ORSIX), writes Brian Kelly, editor of Money Letter.
The tech-heavy Nasdaq plunged on Wednesday as two big names turned in disappointing report cards for the second quarter. But with a Fed interest rate cut likely in September, we continue to be positive on the equity markets, despite recent volatility. Consider the international stock fund VanEck Africa Index ETF (AFK), suggests Brian Kelly, editor of Money Letter.
US stocks took a bit of a breather earlier this week as traders evaluated opportunities after an approximate first half gain of 15% in the S&P 500. New inflation numbers due soon are also containing activity. For domestic stock funds, I have one new “Buy” this week: The SPDR Portfolio S&P 500 Growth ETF (SPYG), explains Brian Kelly, editor of Money Letter.