Technician Shelley Moen: Cash and Multiple Expansion Could Fuel the Next Rally

Jim welcomes Shelley Moen CMT, Senior Market Strategist at Vermilion Technical Research, LLC to the program. Shelley notes that time heals all things and the financial and housing sectors are improving. She also sees cash on the sidelines and multiple expansion fueling the next market rally. Markets love to climb a wall of worry, and she believes the best sectors to overweight currently are financials and healthcare. Shelley believes the bond market is a bubble, but notes that bubbles can last a long time. Also in this segment, Erik Townsend checks in with this week’s market wrap-up and Rob Bernard has the Fixed Income Report.

Erik Townsend is a Private Investor based in Hong Kong. He was a successful American technologist and entrepreneur in the 1990s technology boom, and retired from the software industry in 1998 after selling a company that he founded in 1991. After a short hiatus to pursue personal interests, he re-invented himself as a full-time private investor with a macroeconomic investing strategy.

Shelley Moen was formerly a Principal and Senior Technical Analyst at a well-known investment bank and has 25 years of market experience. Ms. Moen assisted in all aspects of the production and distribution the Firm’s technical research products. Ms. Moen graduated magna cum laude with a Bachelor's Degree in Business Administration from St. Cloud State University in Minnesota. She holds a Chartered Market Technician designation and is a member of the Market Technician's Association.

Rob joined PFS Group in 2011 as an independent broker. With over 30 years of experience in the investment management industry, Mr. Bernard's expertise includes: Income strategies, diversification strategies, specialized high-level corporate executive strategies, particularly with SEC Rule 144-related services, long-term care insurance and variable annuities.