INSERT INTO `wp_posts` VALUES (2469,3,'2020-08-04 21:10:34','2020-08-04 21:10:34','<!-- wp:paragraph -->\n<p>Why has passive investing become all the rage in recent years? Index (or passive) funds are nothing new... they\'ve been around for almost 40 years. And they\'re most popular in aging bull markets or near market peaks. As a bull market ages, investors forget the painful lessons and costly memories of previous bear markets.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','Passing Investing & ETFs: An Inevitable Black Eye','','inherit','closed','closed','','2468-revision-v1','','','2020-08-04 21:10:34','2020-08-04 21:10:34','',2468,'https://ns2020-investech.investech.com/2468-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2470,3,'1999-03-12 11:30:00','1999-03-12 11:30:00','<!-- wp:heading -->\n<h2>The Indexing Craze</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":\"66.66%\"} -->\n<div class=\"wp-block-column\" style=\"flex-basis:66.66%\"><!-- wp:paragraph -->\n<p>The indexing craze… it’s sure to be remembered as a hallmark of the 1990s! What has made investing in the S&amp;P 500 so popular these days? If you buy into a recent Business Week article, <em>“Index funds are cheap, easy–and they’re changing the way Americans invest.”</em> A value investor might disagree, since index funds are holding a group of stocks which are at their most overvalued levels in history.  However, in a sense, they are “cheap”… you don’t have to pay a fund manager to search for attractive stocks, and there are few transaction fees when the portfolio doesn’t change much from year to year. As for “easy,” that’s a different story. Our October 23, 1998 issue of the InvesTech Mutual Fund Advisor devoted considerable space to dispelling some of the myths of easy profits and safety that enthusiasts claim for these funds.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":\"33.33%\"} -->\n<div class=\"wp-block-column\" style=\"flex-basis:33.33%\"><!-- wp:quote {\"className\":\"is-style-headline-highlight\"} -->\n<blockquote class=\"wp-block-quote is-style-headline-highlight\"><p>Saving for Retirement Index Fever</p><cite>Fortune, 11/9/98</cite></blockquote>\n<!-- /wp:quote --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":\"33.33%\"} -->\n<div class=\"wp-block-column\" style=\"flex-basis:33.33%\"><!-- wp:quote {\"className\":\"is-style-headline-highlight\"} -->\n<blockquote class=\"wp-block-quote is-style-headline-highlight\"><p>Who Needs a Money Manager?</p><cite>Business Week, 2/22/99</cite></blockquote>\n<!-- /wp:quote --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":\"66.66%\"} -->\n<div class=\"wp-block-column\" style=\"flex-basis:66.66%\"><!-- wp:paragraph -->\n<p>The popularity of investing in a large-cap index is a phenomenon of long-running bull markets, especially in the latter stages like today. There are several reasons for this. After years of positive gains in the stock market, new investors latch on to the implied idea that making money is simple. It’s also assumed that index funds are safer than other mutual funds because many S&amp;P 500 stocks have widely recognized names. And finally, index funds are the obvious choice for novice investors who tend to be drawn in during late stage bull markets.<em> [Just try to talk a non-investor into putting money into the stock market in the depths of a recession when bull markets are typically born!] </em>During the longest running bull markets, like today, index funds appear attractive even to more experienced investors, simply because that’s when they outperform other funds.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:heading -->\n<h2>Historical Perspective</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>They may be at the height of popularity now, but index funds aren’t just a phenomenon of the 1990’s. If you were investing in 1975 you would have seen this announcement in <em>U.S. News &amp; World Report:</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:quote {\"className\":\"is-style-headline-highlight\"} -->\n<blockquote class=\"wp-block-quote is-style-headline-highlight\"><p>INVEST IN THE STOCK-MARKET AVERAGE?</p><p>A new investment vehicle -the \"index mutual fund\"- is making a big pitch for some of the billions that pension funds, college endowments and other institutions invest in the stock market.  </p><p>For most of the big institutional investors, just keeping up with the general stock-market averages would present a large improvement over their performances in past years</p><cite>U.S. News &amp; World Report, 12/29/75</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p>Index funds were a hot new concept in 1975, just in time to dramatically UNDERperform the majority of stocks. Over the next seven years, the smallest 20% of NYSE issues outperformed the S&amp;P 500 by more than 5-fold (752% versus 150%). After this less-than-spectacular start, the popularity of index funds came and went with the market cycles for the next decade. They really started to proliferate only when the current bull market turned into a large-cap bonanza beginning in 1994.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Last year, index funds attracted nearly 19% of all money invested in mutual funds. And Vanguard Index 500 with $74 billion is close to passing #1 Fidelity Magellan in net assets. But that’s just the tip of the iceberg, as the majority of mutual funds are now investing in the “big 50 ” –the 50 largest-cap stocks in the S&amp;P 500– simply to keep pace with that index’s momentum. This flow of money into a handful of large stocks affects not only the market averages, but it can have long-term repercussions for the market as well as your future investment strategy.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>The Impact</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Here’s the current, and potential, impact as we see it…<br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Investor psychology is distorted. </h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many novices view index funds as a type of variable rate CD. In Canada, one of our readers reports roadside billboards are promoting a guaranteed principle type of market index investment over GICs (the Canadian equivalent of a CD). What happens when index funds fail to return that expected 11%, or worse, when a major bear market wipes out 40-50%. Someone’s going to be left holding the bag.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"className\":\"unclear\"} -->\n<h3 class=\"unclear\">More and more “non-index” funds are actually indexing a large part of their portfolios. </h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As index funds have been the only ones to keep pace with market averages in recent years, the natural reaction is for fund managers to change strategy. The philosophy seems to be, <em>“If I can’t outperform the market, at least try to imitate it.”</em> The result is an increasing number of equity funds that look like mini-index fund clones as managers are dragged into the same stocks. Any fund wanting to match or beat the averages must hold at least some of the “big 50 ” of the S&amp;P 500. To make this point, we looked at the portfolios of the ten top performing “non-index” growth funds for the past 12 months. On  Average, 5 of the top 10 holdings in each portfolio are among the 20 largest stocks in the S&amp;P.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As an example, take the Fidelity Dividend Growth fund which, by its very name, seems to imply conservative growth with a focus on dividends. But there’s nothing conservative about an annual portfolio turnover rate exceeding 105% for each of the last 5 years. And its dividend yield is only 0.4% – less than one-third the dismal yield of the S&amp;P 500.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3,\"className\":\"unclear\"} -->\n<h3 class=\"unclear\">Investments in momentum related funds are funneling into the most overvalued stocks in the market, driving them even higher. </h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Remember, the S&amp;P 500 is a capitalization weighted index, so money going into index funds is not evenly distributed in all 500 stocks. Only fifty stocks account for 55% of S&amp;P 500 capitalization and 55% of an index fund portfolio. That leaves the other 450 stocks to split the rest. Indexing contributes to explosive run-up and overvaluation in these top 50 stocks. Microsoft today is valued at 1.4 times the total capitalization of GE, Intel, Merck, Wal-Mart, Pfizer, Exxon, Coca-Cola, IBM, Cisco, <strong>AND </strong>Microsoft in December of 1990 at the start of this bull market. And America Online, which has yet to show any significant earnings, is now valued at more than ANY of the ten largest companies in the U.S. in 1990!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Market volatility increases whenever interest narrows to just a few stocks.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>All eyes are on the same select group (the largest companies in the S&amp;P 500). Any news or earnings surprises can cause wild gyrations in price as funds scramble to dump or pile into hot movers. No wonder the intraday volatility in 1999 is running the highest for any bull market year since 1929!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Finally, indexing amplifies the technical distortion in the markets. </h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The current issue of the<em> InvesTech Market Analyst </em>takes an insightful look at what’s really happening in breadth and other technical divergences. With support from the “big-50\" stocks of the S&amp;P, the closely watched indexes like the DJIA and NASDAQ simply don’t reflect these divergences. For a broader view of the market, take a close look at the Russell 2000 Index (premier small cap index) or the Value-Line Composite Index (an equally weighted index of 1700 stocks).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:media-text {\"mediaId\":5403,\"mediaType\":\"image\",\"mediaWidth\":40} -->\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\" style=\"grid-template-columns:40% auto\"><figure class=\"wp-block-media-text__media\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/02/top-20.png\" alt=\"Top 20 stocks in the S&amp;P 500 Index as of 1999\" class=\"wp-image-5403 size-full\"/></figure><div class=\"wp-block-media-text__content\"><!-- wp:heading -->\n<h2>Investment Strategy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>First, we advise that you examine the individual stock holdings in any mutual fund you own – especially for any funds that have “performed” well over the last couple years. Ask yourself,<em> “How ‘indexed’ is this fund?”</em> We’ve listed the 20 largest cap stocks of the S&amp;P 500 in the table shown at left. If you find more than 3 or 4 of these stocks in the top 20 portfolio holdings of your fund, then take heed – your fund is nibbling on indexing.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition, avoid judging a future fund by its 1997-98 performance. If a fund was near the top of the performance list for these past two years, chances are it was momentum investing. Blue chip stocks are often the last to peak in a long-running bull market, benefiting from a “flight to safety” as other stocks falter. Unfortunately, when they fall from overvalued heights, they can be the last to recover from a recession.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This past bull market illustrates our point. Index funds have enjoyed the run up in blue chip stocks, handily beating most actively managed funds over the last few years. Since 1994, the Vanguard 500 Index Fund has more than doubled the total return of the average small stock fund, and provided 1.6 times the return of the average value fund. This performance may seem unbeatable, but it’s only part of the story. </p>\n<!-- /wp:paragraph --></div></div>\n<!-- /wp:media-text -->\n\n<!-- wp:spacer {\"height\":10} -->\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":5406,\"width\":514,\"height\":530,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignright size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/02/mutualfundperf.png\" alt=\"\" class=\"wp-image-5406\" width=\"514\" height=\"530\"/><figcaption>\"Mutual Fund Performance\" graph from 1991-93</figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>This \"Mutual Fund Performance\" graph from 1991-93 reveals the comparative performance of the Vanguard 500 during the first three years of this bull market… the <strong><em>safest </em></strong>years to be invested. Note that the average “value” fund outperformed by a factor of 1.4… and the average small company fund literally doubled the return of the Vanguard 500 Index fund. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>From the perspective of risk management now (and future profits later), it’s never been more critical to know your mutual fund or prospective mutual fund. We firmly believe the big-cap leaders of today will again become the laggards after the next bear market washout. If that is the case, then you don’t want to find your portfolio indexed to under-performance at what may become one of the best buying opportunities of our lifetime.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":38} -->\n<div style=\"height:38px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:spacer {\"height\":3} -->\n<div style=\"height:3px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4><em>InvesTech Research</em> newsletter originally published March 12, 1999</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This newsletter is also available to<a href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/InvesTech-V99I04-Indexing.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"> read in PDF format.</a>&nbsp;</p>\n<!-- /wp:paragraph -->','The Lemming Principle','Just as relevant today as in the Tech Bubble of the 1990s, this issue (originally published in March 1999) is particularly enlightening in view of today\'s infatuation with passive and index investing. Instead of falling off a cliff, these lemmings fell into the largest bear market since the 1930s!','publish','closed','closed','','lemming-principle','','','2021-10-20 09:48:58','2021-10-20 15:48:58','',0,'https://ns2020-investech.investech.com/?post_type=investech-library&#038;p=2470',0,'investech-library','',0);
INSERT INTO `wp_posts` VALUES (2471,3,'2020-08-04 21:11:47','2020-08-04 21:11:47','<!-- wp:paragraph -->\n<p>Just as relevant today as in the Tech Bubble of the 1990s, this issue (originally published in March 1999) is particularly enlightening in view of today\'s infatuation with passive and index investing. Instead of falling off a cliff, these lemmings fell into the largest bear market since the 1930s!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','Index Funds: The Lemming Principle','','inherit','closed','closed','','2470-revision-v1','','','2020-08-04 21:11:47','2020-08-04 21:11:47','',2470,'https://ns2020-investech.investech.com/2470-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2472,3,'2017-09-15 11:00:00','2017-09-15 11:00:00','<!-- wp:columns {\"verticalAlignment\":\"center\"} -->\n<div class=\"wp-block-columns are-vertically-aligned-center\"><!-- wp:column {\"verticalAlignment\":\"center\"} -->\n<div class=\"wp-block-column is-vertically-aligned-center\"><!-- wp:heading {\"className\":\"unclear\"} -->\n<h2 class=\"unclear\">Securities-Backed Loans… Just the Tip of the Iceberg?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Aging bull markets are naturally predisposed to excesses –particularly in debt and leverage– and once again nontraditional loans are taking center stage.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"verticalAlignment\":\"center\"} -->\n<div class=\"wp-block-column is-vertically-aligned-center\"><!-- wp:image {\"id\":9428,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/pdf_files_wp/iceberg-4ReskwNsh68-unsplash-1024x576.jpg\" alt=\"\" class=\"wp-image-9428\"/><figcaption>Nine-tenths of an iceberg\'s volume is below the water</figcaption></figure>\n<!-- /wp:image --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:quote {\"className\":\"is-style-headline-highlight\"} -->\n<blockquote class=\"wp-block-quote is-style-headline-highlight\"><p><strong>Markets are relaxing merrily on a powerful time bomb</strong> - Stock and bond market leverage is everywhere.</p><cite><em>Business Insider – 7/30/17</em></cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:block {\"ref\":5343} /-->\n\n<!-- wp:paragraph -->\n<p>The article goes on to say, <em>\"Some of (this leverage) is transparent, such as NYSE margin debt which was $539 billion as of the June report. But the hottest form of stock and bond market leverage is opaque, offered by financial firms that usually don’t disclose the totals: securities-based loans (SBLs) – or “shadow margin” because no one knows how much of it there is.\"</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Innovative Lending Practices Make a Come-back</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It’s been over 12 years since we warned about the highly questionable mortgage lending practices that mushroomed during the Housing Bubble. Now it appears that innovative lending is back in vogue. Securities-backed loans (SBLs) are among Wall Street’s hottest new products in this bull market, and they’ve been growing faster than Jack’s beanstalk over the past few years:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:quote {\"className\":\"is-style-headline-highlight\"} -->\n<blockquote class=\"wp-block-quote is-style-headline-highlight\"><p><strong>Borrowing With Stock Soars as Market Rises</strong></p><cite><em>Wall Street Journal, 7/28/17</em></cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote {\"className\":\"is-style-headline-highlight\"} -->\n<blockquote class=\"wp-block-quote is-style-headline-highlight\"><p><strong>Fidelity taps Goldman Sachs to expand lending services through RIAs</strong></p><cite><em>Investment News, 7/27/17</em></cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote {\"className\":\"is-style-headline-highlight\"} -->\n<blockquote class=\"wp-block-quote is-style-headline-highlight\"><p><strong>Goldman Sachs is launching a digital platform for the rich to borrow as much as $25 million</strong></p><cite><em>Reuters, 7/27/17</em></cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote {\"className\":\"is-style-headline-highlight\"} -->\n<blockquote class=\"wp-block-quote is-style-headline-highlight\"><p><strong>Wall Street Sharks Entice Customers With Securities-Backed Loans</strong></p><cite><em>Seeking Alpha, 8/13/17</em></cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:block {\"ref\":5343} /-->\n\n<!-- wp:paragraph -->\n<p>SBLs are often referred to as “shadow margin” because they’re not tracked in the margin debt figures, nor are they tracked by either the SEC or the brokerage regulator FINRA. Nobody knows how extensive such loans are, but based on anecdotal evidence they total at least $100 billion and we believe the figure could be much larger.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"left\",\"id\":9431,\"width\":512,\"height\":251,\"sizeSlug\":\"large\",\"linkDestination\":\"none\",\"className\":\"pushleft\"} -->\n<div class=\"wp-block-image pushleft\"><figure class=\"alignleft size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/pdf_files_wp/Morgan-Stanley.png\" alt=\"\" class=\"wp-image-9431\" width=\"512\" height=\"251\"/><figcaption>Morgan Stanle<strong>y</strong> Advertisement</figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>According to a July 2017 <em>Wall Street Journal</em> article, Bank of America’s wealth unit had $40 billion in outstanding securities-backed loans at the end of 2016, up 140% from 2010. Morgan Stanley had $30 billion in these loans, more than double the amount in 2013. And, not to be left behind, Goldman Sachs is teaming up with Fidelity and other brokerages to broaden the availability of credit via its new digital lending program, “GS Select.”</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>What are securities-backed loans (SBLs), and why are they popular?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":9433,\"width\":506,\"height\":429,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignright size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/pdf_files_wp/Wells-Fargo.png\" alt=\"\" class=\"wp-image-9433\" width=\"506\" height=\"429\"/><figcaption>Wells Fargo Advertisement</figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>In simple terms, SBLs are loans that are marketed to investors as an easy and inexpensive way to access extra cash by borrowing against the securities in one’s investment portfolio without having to liquidate those holdings. Funds can be used for any purpose <strong><em>except </em></strong>buying more stock or repaying a margin loan. For instance, these loans might be used for buying real estate, investing in a business, funding education, or for personal use like taking a trip or paying for a wedding.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Fixed loans can run the gamut from $25,000 to $25 million or more, depending on the lender and the amount of collateral. A typical SBL agreement permits an investor to borrow from 50% to 95% of the value of the assets in his or her non-retirement investment account, based on the size of the portfolio and the types and mix of securities held. These lending arrangements can be set up as a fixed loan, but more often they’re established as a revolving SBL line of credit (SBLOC). It’s not uncommon for a firm to require that account assets have a market value of at least $100,000 to qualify for an SBLOC.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>The sales pitch is irresistible!</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Looking at the promotional materials shown in this report from broker websites touting SBLs, who wouldn’t want to avail themselves of this offering? According to the ads, you’ve worked hard to grow your investments over the years; now you can capitalize on those assets to finance your dreams without drawing down your portfolio.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":9432,\"width\":512,\"height\":376,\"sizeSlug\":\"large\",\"linkDestination\":\"none\",\"className\":\"pushright\"} -->\n<div class=\"wp-block-image pushright\"><figure class=\"alignright size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/pdf_files_wp/UBS-Wealth-Management-1024x751.png\" alt=\"\" class=\"wp-image-9432\" width=\"512\" height=\"376\"/><figcaption>UBS Advertisement</figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>There are some of the benefits of establishing a securities-backed line of credit (SBLOC) being touted to potential customers:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"className\":\"is-style-default\"} -->\n<ul class=\"is-style-default\"><li>With an SBLOC, the cash is readily available (up to the credit limits) any time you need it.</li><li>Other than securities related transactions, there are no restrictions on how you use the loan.</li><li>An SBLOC lets you keep your investment account intact, allowing it to continue to grow.</li><li>By borrowing to meet your cash needs, you can avoid selling securities and triggering capital gains taxes.</li><li>Because SBLs are backed by portfolio assets, interest rates can be much lower than traditional loans.</li><li>Once an SBLOC is in place, it can be used repeatedly <strong><em>and </em></strong>you’re only required to make monthly interest payments – there is no maturity date.</li><li>There are usually no fees to establish the loan or credit line and funds are available quickly. Goldman Sachs’ digital platform promotes a 24-hour turnaround.</li><li>Typically, no personal financial statements, tax returns, or other documents are required.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>What’s in it for the brokers?</h3>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":9436,\"width\":512,\"height\":349,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignright size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/pdf_files_wp/Goldman-Sachs-1024x698.png\" alt=\"\" class=\"wp-image-9436\" width=\"512\" height=\"349\"/><figcaption>Goldman Sachs Advertisement</figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>SBLs and lines of credit have become lucrative new sources of income for brokerages, helping to replace revenue lost due to recent cuts in commission rates. In addition, brokers retain portfolio assets, along with their associated fees, as customers can access cash without making withdrawals. In some cases, establishing these loans may factor into a broker’s compensation, and marketing these credit options creates “sticky” clients as it’s hard to transfer assets to another broker with a securities-backed loan outstanding. Even if a client doesn’t use the line of credit immediately, the longer it’s in place, the more likely it is that he or she will eventually tap it.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>So, where’s the risk with SBLs?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>With SBLs, as with all financial obligations, it’s vitally important to read the fine print or risks section before committing. Careful attention to this step reveals that brokerages and banks get all the benefits of secured, full-recourse loans, while customers take all the risk. This may seem acceptable in a healthy bull market, but it can be catastrophic to the pledged portfolio in a downturn.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The following are some of the risks that investors may face if they borrow against an investment account. It’s these risks that prompted the SEC and FINRA to issue a special Investor Alert in 2015 regarding this type of lending:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"className\":\"is-style-default\"} -->\n<ul class=\"is-style-default\"><li>If the value of the securities declines below a minimum level, you may be subject to a collateral “maintenance call” with little or no advanced warning, giving you minimal time to pay the loan or deposit more cash or securities in the account. Note that if this occurs, there are no extensions, and a broker can change its collateral maintenance requirement at any time without notifying you.</li><li>If you are unable to meet a maintenance call, the broker can liquidate part, or all, of your portfolio holdings at their discretion. You do not pick the stocks to sell. In a bear market, that could mean selling core holdings at a market bottom or alternatively realizing significant tax gains on long-held securities.</li><li>In a major downturn, you could be forced to forfeit all your pledged assets – in this case, the stocks, funds, and bonds in your portfolio. This is a major drawback to asset-backed loans…  In the worst-case scenario, you might lose more funds than are held in the collateral account, and as a full-recourse loan, you would be liable for any deficiency.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:quote {\"className\":\"is-style-headline-highlight\"} -->\n<blockquote class=\"wp-block-quote is-style-headline-highlight\"><p><strong>Why Goldman Sachs Seized a Client’s 217-Foot Yacht</strong></p><cite><em>Wall Street Journal - 8/10/17</em></cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:block {\"ref\":5343} /-->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"className\":\"is-style-default\"} -->\n<ul class=\"is-style-default\"><li>For SBLOCs, the interest rate on your loan is generally a floating rate that can change daily. With interest rates rising, the cost of your SBLOC could increase significantly.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>The proliferation of SBLs and SBLOCs obviously increases the risks in this late-stage bull market. While history shows that excessive debt accumulation does not trigger a stock market peak, it can accelerate and intensify losses when the leverage starts to unwind in a bear market. Today’s levels of these securities-backed loans are small relative to overall consumer and business debt, but they can be dangerous. Like subprime mortgage loans 10 years ago, if trouble appears in terms of mass collateral maintenance calls, it could be just the tip of the iceberg.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4>Excerpt from <em>InvesTech Research</em> - September 15, 2017</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Also available in <a href=\"https://ns2020-investech.investech.com/wp-content/pdf_files_wp/SBLs.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">PDF format </a></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','Securities-Backed Loans','Securities-Backed Loans… Just the Tip of the Iceberg?\n\nAging bull markets are naturally predisposed to excesses –particularly in debt and leverage– and once again nontraditional loans are taking center stage.','publish','closed','closed','','securities-backed-loans','','','2021-10-20 09:45:38','2021-10-20 15:45:38','',0,'https://ns2020-investech.investech.com/?post_type=investech-library&#038;p=2472',0,'investech-library','',0);
INSERT INTO `wp_posts` VALUES (2473,3,'2020-08-04 21:13:04','2020-08-04 21:13:04','<!-- wp:paragraph -->\n<p>Aging bull markets are naturally predisposed to excesses -particularly in debt and leverage- and once again nontraditional loans are taking center stage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','Securities-Backed Loans... Just the Tip of the Iceberg?','','inherit','closed','closed','','2472-revision-v1','','','2020-08-04 21:13:04','2020-08-04 21:13:04','',2472,'https://ns2020-investech.investech.com/2472-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2474,3,'2015-05-27 10:31:00','2015-05-27 10:31:00','<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><strong> The ABCs of MLPs…<br>What you don’t know can hurt you.</strong></p></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p>In this era of ultra-low interest rates, investors are inevitably drawn to investments with attractive yields, and Master Limited Partnerships (MLPs) are among the most popular income-generating investments on the market today. These appear to be safe and secure places to invest as MLPs derive their income from revenue generating properties and infrastructure, but there’s more to the story.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>What are Master Limited Partnerships (MLPs)?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>As the name states, MLPs are limited partnerships which trade on major exchanges like common stock. They consist of a general partner (a sponsoring company in the same industry, which retains control of the business) and limited partners. When investors buy shares or units of the MLP, they become a limited partner in the business.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As partnerships, MLPs are eligible for special tax treatment and avoid “double taxation.” With common stock, dividends are essentially taxed twice – once at the corporate level before dividends are paid and again at the shareholder level, after the dividend is received. Partnerships –including MLPs– are treated as “pass-through” entities where the income and deductions are passed directly to the partners (investors) who pay the taxes. Thus, MLPs are taxed only once at the investor level.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":9467,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignright size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/pdf_files_wp/Alerian-Yield.png\" alt=\"\" class=\"wp-image-9467\"/><figcaption>Yield on Alerian MLP Index</figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Due to this favorable tax treatment, the level of distribution or yield for MLPs is generally high and can be very attractive to potential investors. One of the primary benchmarks used to track these publicly traded partnerships is the Alerian MLP Index, which includes 50 of the most prominent MLPs. The yield for this Index over the past 20 years is shown in the graph at right. Note that the yield has generally been in the 6-8% range, and has occasionally jumped to over 10%.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>With yields like this, it’s no surprise that many investors consider MLPs to be a great source of potential income. But they aren’t as safe as commonly perceived, and there are important facts to consider before making an investment decision…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Fact #1: Sector diversification options are limited.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Today, the majority of MLPs are in the energy sector and most are engaged in energy-related transportation, processing, and storage. This makes sector diversification problematic. Current tax regulations require that a publicly traded partnership must receive 90% of its income from specified sources, most of which pertain to natural resources. Thus, there are only a few MLP options outside of energy, and those are mostly in real estate and finance.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Fact #2: Yields can be high, but distributions are not guaranteed.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Most MLPs manage to maintain distributions even in a weak economy. However, they need to have profits to make payouts. In recent downturns, it’s become apparent that distributions can decline or even disappear altogether. Several 2007 members of the Alerian MLP Index were forced to cut distributions significantly in the last recession (and it’s interesting to note that they have since been dropped from the Index).</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Atlas Pipeline Partners LP (symbol: APL) is a prime example of the risk in MLP investing. Over the course of the last recession, the price of APL shares dropped more than 90% and distributions ceased. No distributions were made from May 2009 to November 2010.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Fact #3: MLPs mean more work at tax time.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>When you invest in an MLP, you become a limited partner, so the tax picture is more complicated than when you simply own common stock. With stocks, investors pay taxes on dividends received. With MLPs, much of the tax on distribution income is deferred until you sell your shares. Briefly, this is how taxes work with an MLP…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>At year-end you receive a “K1” report from the partnership showing your portion of partnership income minus deductions for depreciation, depletion, etc. Due to these offsetting deductions, the net taxable income for the year is usually much less than the distributions paid out. The difference between the distribution and taxable income is treated as “return of capital” and reduces your cost basis. When you sell the shares, you will be required to pay income taxes on the “return of capital” portion, along with any capital gains above your initial investment. Bottom line, MLP investing requires extra work and forms at tax time, and it can lead to delays in filing as you wait for K1s to be issued.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Fact #4: MLPs are generally not suitable investments for IRAs or pension plans.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are no restrictions on buying MLPs in qualified retirement plans, but they may not be a good investment option. One benefit of owning an MLP is that most taxes are deferred until sale, and that benefit is wasted in a tax deferred IRA. Also, although your retirement plan is tax exempt,<strong> it could end up owing taxes on MLP income. </strong>The reason is that any tax-exempt entity (like an IRA) that earns income from an outside business is subject to the “Unrelated Business Income Tax” (UBIT) after the first $1,000 of net income. As a partner in an MLP, your retirement plan could be considered to earn this sort of income.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Fact #5: MLPs carry unknown risks.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It’s important to remember that these investments are not like bonds or preferred stocks which have a set par value. The price of MLP shares fluctuates like common stock. MLPs tend to be especially vulnerable to rising interest rates as they face increased competition from other income investments such as bonds or CDs. Higher interest rates also increase the cost of capital used for maintenance or expansion of MLP assets. In addition, economic swings can have a negative impact since most MLPs derive income from oil and gas properties, and utilization of these assets typically declines in a recession.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":9466,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignright size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/pdf_files_wp/Alerian-MLP.png\" alt=\"\" class=\"wp-image-9466\"/><figcaption>Alerian MLP Price Index</figcaption></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>This variability in MLP performance is evident in the Alerian MLP Price Index shown at right. Although this Index has generally moved higher over the past 20 years, it hit a major peak in 2007 and again in 2014. Over the course of the last bear market, this MLP Index dropped more than 55% and it took over three years to surpass the 2007 peak.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The trajectory in this Index is also particularly worrisome. As investors have flocked to these popular investments, this Index has soared and valuations have climbed. Even with the sell-off in energy stocks, the average P/E ratio of the Alerian Index constituents is now 30x compared to an average P/E of 20.7x for the S&amp;P 500.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3><strong>Also, although MLPs currently enjoy tax favored status, be aware that tax rules can change at the stroke of a legislative pen.</strong> </h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This has happened before. In the early 1980s, the first MLPs were a far more diverse group than they are today. Under the tax laws at the time, firms in a variety of energy and consumer industries were able to take advantage of this tax favored status including restaurants, hotels and cable TV. Even the Boston Celtics traded as an MLP at one time. In 1987 the tax code tightened, and under the new rules many of these partnerships no longer qualified for the tax advantages.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, in a more recent example, Canada’s 2006 Tax Fairness Plan implemented a new tax eventually amounting to more than 30% on most Canadian Income Trusts, which are similar tax-advantaged entities. The intention, of course, was to capture more tax revenue and make this form of business less attractive to existing corporations. Keep in mind that the U.S. government is seeking ways to generate more tax revenue right now and MLPs are currently exempt from paying corporate taxes.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Strategy</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Though MLPs offer an attractive yield, they do carry risks and can lose value. It’s important to recognize these are <em><strong>not </strong></em>simply safe, dividend paying alternatives to stocks or bonds. The risks in these MLPs are particularly acute today with continued demand for high-yield instruments, volatility in oil prices, and the likelihood of rising interest rates in the future.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>At this point in time, we do not view MLPs as a “safety-first” alternative, and advise following these guidelines if investing in MLPs today:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"className\":\"is-style-default\"} -->\n<ul class=\"is-style-default\"><li>Limit allocation to no more than 10% of the portfolio.</li><li>Diversify among MLPs so you are not invested in just a single partnership.</li><li>Generally avoid buying MLPs in IRAs or other tax-exempt accounts.</li><li>Do your research, just as you would in selecting stocks. Study the partnership before investing and look for strong financial position (including stability of the general partner) and any hidden liabilities, as well as growth potential.</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4>InvesTech Research Special Report published March 11, 2011 - updated May 27, 2015.  </h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Also available in <a href=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/06/MLPs.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">PDF format</a></p>\n<!-- /wp:paragraph -->','Investing in MLPs: The Rest of the Story','In this era of ultra-low interest rates, investors are inevitably drawn to investments with attractive yields, and Master Limited Partnerships (MLPs) are among the most popular income-generating investments on the market today. Learn the ABCs of MLPs… what you don’t know can hurt you. ','publish','closed','closed','','investing-in-mlps','','','2021-10-20 09:47:02','2021-10-20 15:47:02','',0,'https://ns2020-investech.investech.com/?post_type=investech-library&#038;p=2474',0,'investech-library','',0);
INSERT INTO `wp_posts` VALUES (2475,3,'2020-08-04 21:19:47','2020-08-04 21:19:47','<!-- wp:paragraph -->\n<p>In this era of ultra-low interest rates, investors are inevitably drawn to investments with attractive yields, and Master Limited Partnerships (MLPs) are among the most popular income-generating investments on the market today. These appear to be safe and secure places to invest as MLPs derive their income from revenue generating properties and infrastructure, but there’s more to the story...</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','Investing in MLPs: The Rest of the Story','','inherit','closed','closed','','2474-revision-v1','','','2020-08-04 21:19:47','2020-08-04 21:19:47','',2474,'https://ns2020-investech.investech.com/2474-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2476,3,'2013-05-01 10:00:00','2013-05-01 16:00:00','<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p>This little-known indicator has a remarkable 93-year track record of signaling the best, low-risk buying opportunities in the stock market.</p><cite>InvesTech Research</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:heading -->\n<h2>Originally developed over 50 years ago by Edwin S. Coppock.</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It’s been described as a “barometer of the market’s emotional state,” methodically tracking the ebb and flow of equity markets from one extreme to another. By calculation, the Coppock Guide is the 10-month weighted moving total of a 14-month rate of change plus an 11-month rate of change of a market index. In simpler terms, it’s really just a momentum oscillator. Because of this, it reverses direction when the momentum or rate of change in the market reaches a peak or a trough.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The historical value of the Coppock Guide lies in signaling or confirming low-risk buying opportunities that emerge once a bear market bottom is in place (black dotted lines on graph below). And since market bottoms are usually sudden or “spiked” reversals, the Coppock Guide works amazingly well – as it did immediately after the bottom in 2009.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":5352,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/02/coppock-1024x728.png\" alt=\"\" class=\"wp-image-5352\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Once the Coppock Guide drops to ‘0’ or below, a mere 1-point upturn can usually be treated as an excellent buying opportunity. And often, the more negative the Coppock Guide is when it turns upward, the more impressive the profits ahead. The only four false signals under this guideline were in 1938, 1941, 1947 and November 2001.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, the Coppock Guide has never been noted for timely sell signals. The reason is that market tops are usually slow, rounding formations in which momentum (and the Coppock) peak up to a year or more ahead of the market. <em>Except, that is, in a few cases…</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Double-Tops</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In the late 1960s a technician named Don Hahn observed another phenomenon about the Coppock Guide. <strong>When a double-top occurs without the Coppock falling to ‘0’, it identifies a bull market where corrections haven’t driven out nervous investors or cleansed excesses from the market. </strong>When those psychological excesses are not washed out, the nervousness can continue to build and extremes can multiply… with the result that the next downturn can become severe as everyone heads for the exits.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":5353,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignright size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/02/coppock-table.png\" alt=\"\" class=\"wp-image-5353\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><br>So there is a critical historical aspect to double-tops: <em>They can result in nasty bears! </em>Double-tops have occurred only 7 times in 93 years – with 5 of them accompanying the start of the most notorious bear markets of the 20th century: 1929, 1969, 1973, 2000 and 2007.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The table at right shows the month of the second peak, along with the start of the S&amp;P 500 bear market. And a glance at those resulting bear markets reveals why the double-top in the Coppock Guide has been nicknamed a “Killer Wave.” The average decline (<em>excluding </em>the -86% loss in 1929) was almost -42%!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Summary</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>In summary, there are two critical lessons in this model. </strong>First is the inherent danger that accompanies a double-top in the Coppock Guide. Such a formation often precedes the biggest and most devastating bear markets. The second, and perhaps most important, lesson is the knowledge that the safest and most profitable buying opportunities appear after this Guide declines to (or below) ‘0’ and then turns upward.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>With its remarkable track record, the Coppock Guide should be a key tool in any investment strategy. When used with our other indicators, it can provide the discipline and patience to avoid treacherous bear market rallies and wait for the best buying opportunities that occur only a couple times each decade.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4>InvesTech Market Insight - Updated May 2013</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This special report is also available to<a href=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/06/coppock.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"> read in PDF format.</a> </p>\n<!-- /wp:paragraph -->','The Coppock Guide - Double Tops','This little-known indicator has a remarkable 93-year track record of signaling the best, low-risk buying opportunities in the stock market. It’s been described as a “barometer of the market’s emotional state,” methodically tracking the ebb and flow of equity markets from one extreme to another.','draft','closed','closed','','coppock-guide-double-tops','','','2021-10-20 09:47:33','2021-10-20 15:47:33','',0,'https://ns2020-investech.investech.com/?post_type=investech-library&#038;p=2476',0,'investech-library','',0);
INSERT INTO `wp_posts` VALUES (2477,3,'2020-08-04 21:20:36','2020-08-04 21:20:36','<!-- wp:paragraph -->\n<p>This little-known indicator has a remarkable track record of signaling the best, low-risk buying opportunities in the stock market.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','The Coppock Guide','','inherit','closed','closed','','2476-revision-v1','','','2020-08-04 21:20:36','2020-08-04 21:20:36','',2476,'https://ns2020-investech.investech.com/2476-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2478,3,'2009-05-08 09:30:00','2009-05-08 09:30:00','<!-- wp:heading -->\n<h2>\"How do I hate thee?  Let me count the ways...\"</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Without a doubt, this is already one of the most hated bull markets in history! Both analysts and the media are finding countless things wrong with the rally, the U.S. economy, and –it seems– the outlook for the entire world:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:quote {\"className\":\"is-style-headline-highlight\"} -->\n<blockquote class=\"wp-block-quote is-style-headline-highlight\"><p>Global Recession Deepens, Adding to U.S. Woes</p><cite>The Kiplinger Letter, 5/4/09</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p>From the swine flu outbreak, to soaring bankruptcies and foreclosures, to weak trading volume and ominous selling by corporate insiders, Wall Street investors have no shortage of worries on their minds. <em>So why does the market continue to move relentlessly higher?</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Inside this issue, we provide the historical answer to that question – which our more seasoned subscribers know already. Just eight weeks ago, our March 13 issue laid out the technical arguments for an important market bottom…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:quote {\"className\":\"is-style-headline-highlight\"} -->\n<blockquote class=\"wp-block-quote is-style-headline-highlight\"><p>A Buying Opportunity of a Lifetime?</p><p>... it is a historically indisputable fact that <em>we are heading toward a buying opportunity of a lifetime.</em></p><cite>InvesTech Research, 3/13/09</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p>…and thus far, the low that week (at DJIA 6,547) has proven to be the bear market low.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3><br><strong>The ultimate question: What now?</strong></h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Are we in a new bull market or is it a bear market rally? If it is a new bull market, will it be a cyclical bull that is destined to a short life span or fail to reach old highs? And is it too late to buy, with the market already rebounding over 25%? All of these worries simply add to headlines now weighing on investors’ shoulders.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><br>So let’s tackle some of these major concerns…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Climbing a Wall of Worry</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Every seasoned investor knows that bull markets climb a proverbial “wall of worry” during their early months of existence. Yet each and every time, it doesn’t get any easier. There is always an emotional tug-of-war between gloomy media headlines, and the slow methodical improvement in the technical outlook…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":5380,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/02/V09I05pg2-1024x752.png\" alt=\"DJIA with worrisome media headlines or a wall of worry\" class=\"wp-image-5380\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong>But with all the blocks in place for a potential “best buy” opportunity in stocks [see table below], we need to pay close attention to the technical outlook <em>– which is dramatically changing!</em></strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":5381,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/02/V09I05pg2table.png\" alt=\"Bearish conditions that precede the &quot;best buy&quot; opportunities in stocks\" class=\"wp-image-5381\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading -->\n<h2>NLC: Now Bullish</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>The most dramatic technical change since our last issue has been a strong and steady increase in the bullish “SELLING VACUUM” [*1] from our  Negative Leadership Composite.</strong> Designed to measure the absence of downside or bear market leadership, this kind of +50 reading is  synonymous with past bull market launching pads (see dashed arrows). Note there have been only 2 false signals (greater than +20) from our NLC Selling Vacuum in the past 42 years – and both occurred at significantly lower levels. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We also want to point out that the lingering “DISTRIBUTION” [*2 –lower half] is not a problem from a technical viewpoint. Internal calculations show that bear market Distribution ended on the March 9 low, and has not been “added to” since then. On climactic V-shaped bottoms, it is not unusual to see a lag in this component. For example, at the end of the 1973-74 bear market, there was a 14-week residual lag between the market bottom and when Distribution left its -100 reading. In 1987, there was an 11- week lag. Currently, we’re only 8 weeks past the March 9 bottom.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":5420,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/02/nlcV09I05-1024x736.png\" alt=\"InvesTech\'s negative leadership composite selling vacuum reaching +50 while the distribution component hit -100.\" class=\"wp-image-5420\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading -->\n<h2>BREADTH: Positive Divergence</h2>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":5421,\"width\":375,\"height\":402,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignright size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/02/advdecv09i05.png\" alt=\"Advance-decline breaking to a new high\" class=\"wp-image-5421\" width=\"375\" height=\"402\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><br>Throughout the lengthy 1929-32 bear market, as well as the 1973-74 bear market, there was never a “positive divergence” in market breadth. In other words, the advance-decline line <em>[cumulative sum of daily advancing issues minus declining issues] </em>led the bear market path every step of the way down. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So to see a positive divergence today is yet another confirmation this bear market may be over. The A-D Line has broken well above its January rally high, thus leading the S&amp;P 500 upward since the March bottom. Some will argue this breadth gauge is less reliable since more ETFs and closed-end bond funds are traded on the NYSE. Perhaps. But we’ll simply let history speak for itself and give this technical tool our benefit of doubt until proven wrong.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>COPPOCK GUIDE: Is a Buy Signal Imminent?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong><em>If recent market gains hold, then a “Buy Signal” appears imminent in the Coppock Guide this month.</em></strong> </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The Coppock Guide was developed over 50 years ago by Edwin S. Coppock. Its historical value lies in signaling or confirming the best, low-risk buying opportunities in history <em>– and it is one of the few technical tools that would have kept anxious investors from stepping  prematurely into the middle of the record 1929-32 debacle or the 1973-74 bear market. </em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This index is actually the 10-month weighted moving total of a 14-month rate of change plus an 11-month rate of change of a market index. In mathematical terms, it’s really just a momentum oscillator. Because of  this, it reverses direction when the long-term momentum or velocity in the market peaks. After dropping to ‘0’ or below, a mere 1-point upturn in this index can usually be treated as an excellent buying opportunity. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><em>Some of the best (most important) buying opportunities have appeared when the Coppock Guide bottomed at a negative extreme below -20, including 1921, 1932, 1970, 1974 and 2003.</em> And often, the more negative the Coppock Guide is when it turns upward, the more impressive the profits ahead. <em>Under this guideline, only two false signals in 88 years have been recorded – once in 1941 and again in November 2001. </em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Today, the Coppock Guide is at its most oversold level since the bear markets of the 1930s – over 70 years ago. As a monthly indicator, we won’t know for certain whether a formal buy signal has been triggered until the end of the month. However, forward testing<em> –based on current data– </em>reveals the Coppock will turn upward from below ‘0’ if the market stabilizes near present levels or continues rising.  <em>Remember – this is a <strong>projection</strong>, not necessarily a certainty. <strong>So stay tuned…</strong></em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":5427,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/02/coppockV09I05-1024x784.png\" alt=\"Coppock guide over the S&amp;P 500 Index just starting to turn upward\" class=\"wp-image-5427\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading -->\n<h2>TWO MORE important shifts underway…</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Consumer Confidence:</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p> After hitting a record 42-year low in February, Consumer Confidence just registered its largest monthly rebound in almost four years <strong>[ 1]</strong>. While no guarantee of an economic recovery ahead, this is clearly a move in the right direction. More importantly, the majority of that confidence rebound came in the “future expectations” component of this gauge – representing consumers’ outlook six months ahead. And our tracking of the “future minus present” surveys now shows a clear uptrend <strong>[2]</strong> … strikingly similar to the path that has typically led out of past recessions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":8523,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/06/cons-conf-09-1024x443.png\" alt=\"Consumer Confidence registers largest monthly rebound in almost four years.\" class=\"wp-image-8523\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>RSI (Relative Strength Index):</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Here is what we said in our March 13 issue…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p>One of the technical gauges of oversold (or overbought) extremes in the stock market is the Relative Strength Index (RSI), developed by Welles Wilder. A long-term (18-month) version of this RSI has proven a valuable tool in helping to identify potential market bottoms –or the best buying opportunities for investors. </p><p>Basically, the Relative Strength Index compares the cumulative <strong>upward </strong>price changes over a defined period relative to the cumulative <strong>downward </strong>price changes. Here, once again, extremes in oversold conditions on Wall Street inevitably create the best buying opportunities. <strong>And the most oversold conditions can sometimes create a buying opportunity of a lifetime – at market levels that are never seen again!</strong></p><cite>InvesTech Market Analyst – March 13, 2009</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p>Since then, this Relative Strength Index has turned decisively upward in response to the latest rally. <em>Notice that no upturn of this magnitude from this level has proven to be a false signal in the past 109 years!</em> It’s just one more cumulative piece of evidence that the stock market low eight weeks ago may have been an important bottom.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":5429,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/02/rsiv09i05-1024x627.png\" alt=\"Relative Strength Index turns decisively upward\" class=\"wp-image-5429\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading -->\n<h2>PERSONAL PERSPECTIVE</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"textAlign\":\"center\"} -->\n<h2 class=\"has-text-align-center\">Housing – Light at the end of the tunnel</h2>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":5432,\"width\":402,\"height\":377,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignright size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/02/bubblev09i05.png\" alt=\"InvesTech\'s housing bubble bellwether index overlaid on the internet index.  They appear to be mirror images.\" class=\"wp-image-5432\" width=\"402\" height=\"377\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Don’t count us among the raging bulls. If anything, we might be called a<em> “cautious bull with some residual concerns about systemic mortgage risk.” </em>But there, too, the outlook seems to be improving… </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>First, our Housing Bubble Bellwether Index –which forewarned us in 2005 of the housing debacle ahead– is coming off a double-bottom, in which the March 9 low was <strong>not significantly lower</strong> than the low late last year. Even to this day, the parallel path of these housing-related stocks to the bursting of the 1990s Internet Bubble has been amazing!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition, much of the excess price inflation in housing appears to have been resolved. Nationally, the median family home price has fallen an unprecedented -29% since mid-2005, as shown in this graphic:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":5433,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/02/pricingv09i05.png\" alt=\"Housing prices versus inflation showing median family homes dropping almost as low as the consumer price index\" class=\"wp-image-5433\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>That does not mean that home prices won’t continue lower or overshoot the long-term inflation trend before hitting bottom in 2010. However, it suggests to us that the majority of damage is over. [And we reserve judgment on those areas of the country that peaked late, like Whitefish, Montana.]</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is also encouraging to see an upturn in the NAHB (National Association of Home Builders) surveys on both Builder Confidence and the traffic of prospective buyers. With inventories now down to pre-bubble levels, we believe this upturn will have more staying ability than the temporary rebound in 2006.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5435,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/02/nahbv09i05.png\" alt=\"NAHB Builder Confidence Survey, reading of 14\" class=\"wp-image-5435\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"textAlign\":\"center\"} -->\n<h2 class=\"has-text-align-center\">Battling the Bears</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Frankly, we can come up with all sorts of reasons to remain a bit cautious about the market. Yet our objectivity compels us to gradually move our allocation in the direction of the evidence – and right now that is to the bullish side. Here’s what is <strong>not influencing our decisions,</strong> and why…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Volume is too light for this to be a new bull market!</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This is an argument that we’ve heard more than once, and has some historical validity. Volume on this rally, and particularly on big “up” days has been disappointingly average. But one of the reasons for this is that most bear market bottoms are accompanied by a dramatic shift in Fed policy, accompanied by interest rate cuts. This time around, the Fed has no interest rate cards left to play. So regardless of when this bear market bottom occurs (or if it has already occurred), we expect volume to lag.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Sentiment never shifts bullish this fast – except on bear market rallies.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>We’re heard this statement from several noted analysts, however, we don’t see any factual basis for it. In fact, we continue to see a lot of skepticism and doubt (see “Wall of Worry” headlines on page 2). And currently at 8 weeks after the March bottom, the AAII survey shows only 36% of individual investors are bullish – compared to 49% bullish at the same time after the last bear market’s double-bottom in March 2003.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><br>Meanwhile, the Investors Intelligence survey shows only 40% of advisory services have turned bullish. That compares to 48% bullish at 8 weeks after the March 2003 low, 37% bullish at 8 weeks after the 1982 bottom, and 53% bullish at 8 weeks after the December 1974 bottom. Bottom line: there  seems to be more doubt than bullishness today.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Insiders are already selling – so it must be a bear market rally.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:quote {\"className\":\"is-style-headline-highlight\"} -->\n<blockquote class=\"wp-block-quote is-style-headline-highlight\"><p>Insider Selling Hits Highest Levels Since Crisis Began</p><cite>Reuters - 4/27/09</cite></blockquote>\n<!-- /wp:quote --></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:quote {\"className\":\"is-style-headline-highlight\"} -->\n<blockquote class=\"wp-block-quote is-style-headline-highlight\"><p>As stocks rebound, corporate insiders ramp up selling</p><cite>Los Angeles - 4/27/09</cite></blockquote>\n<!-- /wp:quote --></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:quote {\"className\":\"is-style-headline-highlight\"} -->\n<blockquote class=\"wp-block-quote is-style-headline-highlight\"><p>Insider Selling Jumps to Highest Level Since 2007</p><cite>Bloomberg - 4/24/09</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p>To us, this is the <strong>worst argument </strong>to make, and history clearly supports us! As a group, corporate insiders usually make the worst investors. They often want to buy their stock when the market is falling (before a recession is recognized): i.e., 1973-74, and 1999-2000 at the dot-com peak. And even worse – their heaviest selling in history has occurred after early bull market run-ups in 1982 <strong>[1]</strong>, 1985 <strong>[2]</strong>, and 2003 <strong>[3]</strong>. <em>So if insiders are heavy sellers today, it’s not on our worry list.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5441,\"width\":718,\"height\":617,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/02/insider-trading.png\" alt=\"Chart of Insider Trading sales versus buys over the DJIA\" class=\"wp-image-5441\" width=\"718\" height=\"617\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>This is only a cyclical bull within a long-term secular bear.</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Secular? Cyclical? Forget the semantics. And let’s just focus on the technical facts!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":24} -->\n<div style=\"height:24px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":6180,\"width\":381,\"height\":44,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/JBS.png\" alt=\"\" class=\"wp-image-6180\" width=\"381\" height=\"44\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:spacer {\"height\":39} -->\n<div style=\"height:39px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:uagb/inline-notice {\"block_id\":\"59aa3d6e\",\"noticeContent\":\"\\u003cp\\u003ePast performance may not be indicative of future results. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended by InvesTech Research) will be profitable, equal any historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  \\u003ca href=\\u0022https://ns2020-investech.investech.com/terms-of-use/\\u0022 target=\\u0022_blank\\u0022 rel=\\u0022noreferrer noopener\\u0022\\u003eRead full Disclosures here\\u003c/a\\u003e\\u003ca href=\\u0022http://Past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk.  Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended by InvesTech Research) will be profitable, equal any historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.\\u0022 target=\\u0022_blank\\u0022 rel=\\u0022noreferrer noopener\\u0022\\u003e.\\u003c/a\\u003e\\u003c/p\\u003e\"} -->\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-59aa3d6e\"><h4 class=\"uagb-notice-title\">Important Disclosure Information</h4><div class=\"uagb-notice-text\"><p>Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended by InvesTech Research) will be profitable, equal any historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  <a href=\"https://ns2020-investech.investech.com/terms-of-use/\" target=\"_blank\" rel=\"noreferrer noopener\">Read full Disclosures here</a><a href=\"http://Past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk.  Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended by InvesTech Research) will be profitable, equal any historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.\" target=\"_blank\" rel=\"noreferrer noopener\">.</a></p></div></div>\n<!-- /wp:uagb/inline-notice -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4><em>InvesTech Research</em> newsletter published May 8, 2009.</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>  This newsletter is also available to<a href=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/06/V09I05-Unloved-Bull.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"> read in PDF format. </a></p>\n<!-- /wp:paragraph -->','The Unloved Bull','Archived Issue from May 8, 2009 - Are we in a new bull market or is it a bear market rally? If it is a new bull market, will it be a cyclical bull that is destined to a short life span or fail to reach old highs? And is it too late to buy, with the market already rebounding over 25%. In this issue, we provide the historical answers to these questions... more.','publish','closed','closed','','investech-research-0-may-8-2009','','','2021-10-20 09:48:16','2021-10-20 15:48:16','',0,'https://ns2020-investech.investech.com/?post_type=investech-library&#038;p=2478',0,'investech-library','',0);
INSERT INTO `wp_posts` VALUES (2479,3,'2020-08-04 21:21:36','2020-08-04 21:21:36','<!-- wp:paragraph -->\n<p>Are we in a new bull market or is it a bear market rally? If it is a new bull market, will it be a cyclical bull that is destined to a short life span or fail to reach old highs? And is it too late to buy, with the market already rebounding over 25%. In this issue, we provide the historical answers to these questions... more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','InvesTech Research 0 May 8, 2009','','inherit','closed','closed','','2478-revision-v1','','','2020-08-04 21:21:36','2020-08-04 21:21:36','',2478,'https://ns2020-investech.investech.com/2478-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2497,3,'1998-07-01 08:00:00','1998-07-01 08:00:00','<!-- wp:heading -->\n<h2>Is Wall Street in a \'New Paradigm Era\'... or merely an \'Old Bubble\' carried to New Extremes?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Santayana, an early 20th Century philosopher, once said,<em> “Those who do not learn from the past, are doomed to repeat it.”</em> And Sir Isaac Newton, who lost the equivalent of over $1,000,000 investing in the South Sea bubble of 1720,  remarked, <em>“I can measure the motions of bodies, but I cannot measure human folly.” </em>However to this day, analysts cannot agree as to what constitutes a bubble… or how to recognize a bubble before the inevitable washout and aftermath.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is widely perceived that the U.S. economy and stock market have embarked on a <em>“New Paradigm Era”</em> in which old rules no longer apply and traditional barriers have been broken. Yet as Federal Reserve Chairman Alan Greenspan warned Congress on February 26th 1997, <em>“Regrettably, history is strewn with visions of such ‘new eras’ that, in the end, have proven to be a mirage.” </em>This is an insight into one such likely mirage…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>What Constitutes A Bubble?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:quote {\"align\":\"left\"} -->\n<blockquote class=\"wp-block-quote has-text-align-left\"><p>That the free enterprise economy is given to recurrent episodes of speculation will be agreed… This process, once it is recognized, is clearly evident, and especially so after the fact. So also, if more subjectively, are the basic attitudes of the participants. These take two forms. There are those who are persuaded that some new price-enhancing circumstance is in control, and they expect the market to stay up and go up, perhaps indefinitely… Then there are those, superficially more astute and generally fewer in number, who perceive or believe themselves to perceive the speculative mood of the moment. They are in to ride the upward wave; their particular genius, they are convinced, will allow them to get out before the speculation runs its course… For built into this situation is the eventual and inevitable fall. Built in also is the circumstance that it cannot come gently or gradually. When it comes it bears the grim face of disaster. That is because both of the groups of participants in the speculative situation are programmed for sudden efforts at escape. Something, it matters little –although it will always be debated– triggers the ultimate reversal.<br></p><cite><strong>A Short History of Financial Euphoria<br></strong>John Kenneth Galbraith</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p>Historically, bubbles have always been a part of the lessons of investing. There was the Japanese stock market and real estate bubble which popped in 1989. In domestic real estate, there was the not so “recession-proof” California, as well as the price deflation or washouts of condominiums in Hawaii… residences in the Northeast… commercial office space in the oil belt… and numerous other regions in the 1980’s. Many investors may also remember $850 gold… $50 silver… $37 oil… numismatics… baseball cards… and the list goes on.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In the stock market, bubbles are usually limited to individual sectors which ride high on excessively exuberant expectations – only to plunge back to earth later. Yet history has left several notable eras which were recognized as “bubbles” only in the eventual and inevitable devastation. Seasoned investors may remember the “Nifty Fifty” era… the “Go-Go Fund” era… or even the “Investment Trust” era of the 1920’s.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>A Short History of Financial Euphoria</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In essence, a bubble is created when objectivity, reasoning, and valuation give way to greed and the desire for profits. In <em>“A Short History of Financial Euphoria,” </em>author Galbraith describes the common seeds of past manias that inevitably give way to disastrous consequences:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><li>The basic premise that investing involves a trade-off between risk/reward is lost as investors are <em>“captured by the wondrous satisfaction from accruing wealth. The very increase in values thus captures the thoughts and minds of those being rewarded.”</em></li><li>The belief that <em>“some new price-enhancing circumstance is in control”</em> – that there is <em>“something new in the world”</em> that justifies a permanently higher level of valuation.</li><li>The illusion that, except for temporary setbacks, <em>“values are going up permanently and indefinitely.”</em></li><li>The <em>“condemnation at those who express doubt or dissent. … because of defective imagination or other mental inadequacy they are unable to grasp the new and rewarding circumstances.”</em></li></ol>\n<!-- /wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Healthy Bull Market to Dangerous Bubble</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Yet only in the aftermath, is a “bubble” identified as a bubble. While in progress, it can only be recognized by its symptoms which are common with speculative eras of the past.<strong> At what point does a healthy bull market turn into a bubble ripe for the popping? Here are a few differences:</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5946,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/marketbubble-1024x308.jpg\" alt=\"Table detailing the characteristics of a healthy bull market and the characteristics when it swings to a dangerous bubble.\" class=\"wp-image-5946\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:heading -->\n<h2>Time For A Reality Check...</h2>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":5953,\"width\":356,\"height\":351,\"sizeSlug\":\"medium\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignright size-medium is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/overvaluation-extremes-300x296.jpg\" alt=\"Overvalutaion dot chart showing the extremes present at historic market tops.\" class=\"wp-image-5953\" width=\"356\" height=\"351\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Wall Street consensus is that the U.S. has entered a “new era” of tame inflation, low interest rates, and rising productivity that will carry economic prosperity well into the new millennium. If so, say pundits, then today’s extreme valuation levels in the stock market are justified. Just how extreme is stock overvaluation? The figure at right shows the S&amp;P 500 Price-to-Dividend Ratio on the vertical scale, and the S&amp;P Industrials Price-to-Book Value Ratio on the horizontal scale. Simply, the higher on the chart, or the farther to the right a year appears, the more overvalued it is. <strong>Clearly, when compared to overvaluation at some of the most historic market tops such as 1929, 1968, 1972, and 1987… today (1998) is off-the-chart!</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Consensus on Wall Street is also that today’s investor is smarter, better informed, more patient, and longer-term oriented than in the past. Consequently, it is believed that today’s mutual fund holder will never panic in a bear market. However, not all agree with this consensus:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":37} -->\n<div style=\"height:37px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:quote {\"className\":\"is-style-default\"} -->\n<blockquote class=\"wp-block-quote is-style-default\"><p><strong>Investors may overreact to a downturn, SEC warns</strong><br>Inexperienced investors who have known only the bull market of the last decade could react ‘precipitously’ to a downturn and ‘at great cost to themselves and our markets’, Mr. Arthur Levitt, chairman of the Securities and Exchange Commission<br>warned yesterday.</p><cite>London Financial Times – Feb 26, 1997</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p>And Federal Reserve officials also appear nervous as evidenced by this Congressional Testimony in early 1997:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:quote {\"className\":\"is-style-default\"} -->\n<blockquote class=\"wp-block-quote is-style-default\"><p>History demonstrates that participants in financial markets are susceptible to waves of optimism… Excessive optimism sows the seeds of its own reversal in the form of imbalances that tend to grow over time. When unwarranted expectations ultimately are not realized, the unwinding of these financial excesses can act to amplify a downturn</p><cite>Federal Reserve Chairman Alan Greenspan<br>– Feb 26, 1997</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p>Meanwhile, the cold fact remains that the assets in equity mutual funds now total $3,164 Billion, as compared to $226 Billion in October 1990 at the start of this bull market.<strong> Quite simply, 93% of the money in stock mutual funds has not experienced a bear market or even a -15% correction in blue chip averages!</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Perhaps more ominously, an overwhelming majority of fund investors believe they never will experience such a decline. This late 1996 Lou Harris poll reveals that 85% expect the next 10 years to be as spectacular or better than the past decade. 78% are not expecting a mild bear market of -20%. And almost half think that minor -10% corrections are a thing of the past:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5954,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/surveyfundinvestors-1024x224.jpg\" alt=\"survey of fund investors expectations and the actual risk since 1900.\" class=\"wp-image-5954\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong>Just how far out of touch are these investor expectations with reality?</strong> Compare the “actual risk” for <em><strong>all the years</strong></em> of this century (above right). A -10% correction has occurred in 65 years, or once every 1.5yrs on average – yet <em>7 years have lapsed since the last. </em>A -20% decline has triggered every 2.5yrs – <em>again, over 7 years since the last.</em> A -30% bear hits every 4.6yrs – last seen during the ’87 Crash. And a major bear, with -40% losses, strikes about every 8.7yrs… <em>last felt by investors 23 years ago!</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":51} -->\n<div style=\"height:51px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:paragraph -->\n<p>Is it a contest to see who can forecast the highest level for the stock market? No… more likely it’s just a not-so-mild case of “irrational exuberance” feared by the Federal Reserve.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4><strong><em>Reality Check: Bull or Bubble?</em></strong></h4>\n<!-- /wp:heading --></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"align\":\"right\",\"id\":5959,\"width\":414,\"height\":305,\"sizeSlug\":\"medium\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignright size-medium is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/dow10000-300x221.jpg\" alt=\"Newspaper clipping of When and How the Dow may hit 20,000 by 2007.\" class=\"wp-image-5959\" width=\"414\" height=\"305\"/></figure></div>\n<!-- /wp:image --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"align\":\"center\",\"id\":7533,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/05/assets.jpg\" alt=\"\" class=\"wp-image-7533\"/></figure></div>\n<!-- /wp:image --></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":163} -->\n<div style=\"height:163px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:paragraph -->\n<p>Public investment funds placed with the nation’s largest discount brokerage firm have risen <strong><em>over </em></strong><em><strong>19-fold</strong></em> in less than a decade.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4><strong><em>Reality Check: Bull or Bubble?</em></strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Since 1981, the number of mutual funds have multiplied at a rate far above any historical experience… far above the “Go-Go Fund” era of the 1960’s… and far above the “Investment Trust” era of the 1920’s.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4><strong><em>Reality Check: Bull or Bubble?</em></strong></h4>\n<!-- /wp:heading --></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:spacer {\"height\":222} -->\n<div style=\"height:222px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5963,\"width\":273,\"height\":349,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/mutualfunds.jpg\" alt=\"Bar chart of mutual funds increasing year over year.\" class=\"wp-image-5963\" width=\"273\" height=\"349\"/></figure></div>\n<!-- /wp:image --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:spacer {\"height\":51} -->\n<div style=\"height:51px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"align\":\"center\",\"id\":5967,\"sizeSlug\":\"medium\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/investmentsclubs-294x300.jpg\" alt=\"Bar chart of investment clubs surpassing the Go-Go Fund era.  \" class=\"wp-image-5967\"/></figure></div>\n<!-- /wp:image --></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:paragraph -->\n<p>The number of investment clubs has increased <em><strong>over 5-fold </strong></em>in the current bull market. Today, more than 1 in 3 adults own mutual funds – a 66% increase in four years. That easily surpasses the “Go-Go Fund” era in which 1 in 4 adults owned stocks when the washout began in 1969.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4><strong><em>Reality Check: Bull or Bubble?</em></strong></h4>\n<!-- /wp:heading --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:spacer {\"height\":51} -->\n<div style=\"height:51px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:paragraph -->\n<p>Market historians note that stock market bubbles have been accompanied by a “bubble” in the price of a seat on the New York Stock Exchange. In March 1998, a seat sold for a cool $2.0 million – far above the peak prior to the 1987 Crash. Also note the 1929 and 1966-69 peaks… which will become relevant in the next section of this report.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4><strong><em>Reality Check: Bull or Bubble?</em></strong></h4>\n<!-- /wp:heading --></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"align\":\"center\",\"id\":5972,\"width\":269,\"height\":371,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/nyse-seat.jpg\" alt=\"Bar chart of cost of seat on NYSE soaring in 1998.\" class=\"wp-image-5972\" width=\"269\" height=\"371\"/></figure></div>\n<!-- /wp:image --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:image {\"align\":\"left\",\"id\":5973,\"width\":382,\"height\":378,\"sizeSlug\":\"medium\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignleft size-medium is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/nasdaq-pe-ratio-300x297.jpg\" alt=\"NASDAQ P/E Ratio up to 81.2 in 1998.\" class=\"wp-image-5973\" width=\"382\" height=\"378\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Safety in diversification? Certainly not in small-caps. The cumulative P/E ratio of all domestic NASDAQ stocks has been hitting unprecedented, frothy levels. It would require a decline of over -75% to take the NASDAQ P/E ratio back to where it started this bull market in October 1990.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4><strong><em>Reality Check: Bull or Bubble?</em></strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:spacer {\"height\":51} -->\n<div style=\"height:51px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:media-text {\"mediaPosition\":\"right\",\"mediaId\":5978,\"mediaLink\":\"https://ns2020-investech.investech.com/subscriber-library/the-new-paradigm/mergers/\",\"mediaType\":\"image\"} -->\n<div class=\"wp-block-media-text alignwide has-media-on-the-right is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/mergers.jpg\" alt=\"\" class=\"wp-image-5978 size-full\"/></figure><div class=\"wp-block-media-text__content\"><!-- wp:paragraph -->\n<p>Mergers and acquisitions? Since 1996, there’s been no “deal” too big, too expensive, or too leveraged for Wall Street to piece together.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4><strong><em>Reality Check: Bull or Bubble?</em></strong></h4>\n<!-- /wp:heading --></div></div>\n<!-- /wp:media-text -->\n\n<!-- wp:spacer {\"height\":51} -->\n<div style=\"height:51px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:image {\"align\":\"left\",\"id\":5979,\"width\":392,\"height\":316,\"sizeSlug\":\"medium\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignleft size-medium is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/margin-debt66-300x242.jpg\" alt=\"Margin debt graph soaring to record levels in the late 90s.\" class=\"wp-image-5979\" width=\"392\" height=\"316\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Margin debt (money borrowed to purchase stocks) has soared to record levels – <strong><em>even relative to the size of the economy. </em></strong>Note how far it is above the dangerous peaks in 1987, 1972, and 1968… just prior to the three biggest bear markets of the past half century. And of course, this doesn’t include the second mortgages, refinancings, or record credit card debt that has been used to divert funds into the stock market.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4><strong><em>Reality Check: Bull or Bubble?</em></strong></h4>\n<!-- /wp:heading -->\n\n<!-- wp:spacer {\"height\":51} -->\n<div style=\"height:51px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>The Inevitable Questions:</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list -->\n<ul><li><strong>What has driven stocks to such overvalued extremes?</strong></li><li><strong>Why do the SEC and our Federal Reserve seem so worried?</strong></li><li><strong>Why are investor expectations so out-of-touch with reality?</strong></li><li><strong>What has created so many symptoms of a dangerous “bubble”?</strong></li></ul>\n<!-- /wp:list -->\n\n<!-- wp:heading -->\n<h2>TODAY: The <strong>Not So</strong> “New Paradigm Bubble”</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Many reasons, excuses, and theories have been postulated for Wall Street’s exuberance today. They range from advances in technology, to increases in productivity, to changing demographics (aging baby-boomers). Yet these all miss the mark in explaining how Wall Street arrived at DJIA 9000 from DJIA 800 in 1982. In 1981 when President Reagan took office, interest rates were above 13%, gold had recently hit $850/oz, the DJIA was at the same level as in 1966, and real estate was considered by all to be the safest, best long-term investment. What happened? What changed public opinion so dramatically?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong><em>The answer is “disinflation”.</em> </strong>As inflation receded over the past 16 years, so did the fear or expectations of inflation. Gold lost its luster. Real estate washouts in the oil belt, California, and the Northeast removed its “safe haven” perception. And as interest rates slipped year after year, thrifty CD and money market fund savers were pushed to seek other alternatives… <em>the stock market</em>. A “Disinflation Era” is not new… and neither is the dangerous bubble which it can create. Let’s examine historical precedent:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":5988,\"sizeSlug\":\"medium\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignright size-medium\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/90s-inflation-rate-300x298.jpg\" alt=\"5 year inflation rate graph over the djia increasing.\" class=\"wp-image-5988\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong>THE INVESTMENT TRUST ’20s</strong><br><strong>Start:</strong> August 1921 – as the high inflation of World War I receded.<br><strong>Stocks:</strong> DJIA up 6-fold in 8 years.<br><strong>THE GO-GO FUND ’60s</strong><br><strong>Start:</strong> June 1949 – as the high inflation of World War II (and the Korean War) receded.<br><strong>Stocks:</strong> DJIA up 6-fold in 17 years (with subsequent tops in 1968 and 1973).<br><strong>THE MUTUAL FUND MANIA ’90s</strong><br><strong>Start:</strong> August 1982 – as the high inflation of the Vietnam War and the 1970s receded.<br><strong>Stocks:</strong> DJIA up 11-fold in 16 years.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Here are the ominous parallels and sequence of events in these “Disinflation Eras”:</h3>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5989,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/1-correctionless-market-1024x167.jpg\" alt=\"Correctionless market contains an image with headlines from 1929, 1966, and today.\" class=\"wp-image-5989\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5990,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/2-mutual-fund-mania-1024x577.jpg\" alt=\"Mutual Fund Mania with headlines from 1929, 1966, and today.\" class=\"wp-image-5990\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5991,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/3-extreme-overvaluation-1024x235.jpg\" alt=\"Extreme overvaluation with headlines.\" class=\"wp-image-5991\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5992,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/4-old-rules-1024x442.jpg\" alt=\"Old Rules no longer apply headlines\" class=\"wp-image-5992\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5993,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/5-unparalleled-stability-1024x266.jpg\" alt=\"Unparalleled stability headlines\" class=\"wp-image-5993\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5994,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/6-supply-demand-1024x314.jpg\" alt=\"Supply and demand imbalance headlines\" class=\"wp-image-5994\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5995,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/7-riskless-attitude-1024x258.jpg\" alt=\"Riskless attitude headlines\" class=\"wp-image-5995\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5996,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/8-perpetual-prosperity-1024x442.jpg\" alt=\"Perpetual economic prosperity headlines\" class=\"wp-image-5996\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5997,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/9-new-era-hype-1024x452.jpg\" alt=\"New era hype headlines\" class=\"wp-image-5997\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5998,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/10-11-1024x567.jpg\" alt=\"Federal Reserve Censure and scolding the federal reserve headlines\" class=\"wp-image-5998\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":5999,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/washout-1024x269.jpg\" alt=\"Inevitable washout headlines\" class=\"wp-image-5999\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:heading -->\n<h2>What the Future Holds...</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>A stock market bubble can be <em>prevented</em>, but it can’t be <em>corrected</em>…</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Painful recessions and periodic bear markets can usually prevent the valuation extremes and sentiment excesses that create a dangerous bubble. Yet tragically, this simple, historic fact must be relearned every time. For example, after the Japanese stock market and real estate collapse, the former head of the Bank of Japan lamented:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p>Looking back, we now feel that we should have applied the brakes on the excessive boom much earlier… However, back in those days, as [consumer] prices were not rising, it was difficult to obtain people’s understanding for a policy aimed at achieving sustainable economic growth by monetary tightening.</p><cite>Yasushi Mieno, Former Governor, Bank of Japan</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p>The historical truth that bubbles can be <em>prevented </em>but not <em>corrected </em>even appears obvious to those involved in creating the current bubble, as evidenced by this 1996 quote from the former Federal Reserve Vice-Chairman:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p>It’s very hard to surgically prick a balloon. You may let out a lot more air than you bargained for.</p><cite>Alan Blinder, Former Vice Chairman, Federal Reserve</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p>And in an article from 30 years ago, the current Federal Reserve Chairman wrote this critique of the 1929 Crash:</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p>The excess credit which the Fed pumped into the economy spilled over into the stock market – triggering a fantastic speculative boom. Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late: by 1929 the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and a consequent demoralizing of business confidence.</p><cite>Alan Greenspan, “Gold and Economic Freedom”, 1966</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p>Yet the mere presence of a bubble, even with all the overvaluation and extremes, rarely pops itself. It may continue to inflate, transparent to those inside the bubble, until some external event causes the initial pinhole. As John Galbraith noted about past bubbles, <em>“Something, it matters little –although it will always be debated–  triggers the ultimate reversal.”</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>From whence could the pin or trigger come?…</h3>\n<!-- /wp:heading -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":6002,\"sizeSlug\":\"medium\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignright size-medium\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/global-disc-rates-289x300.jpg\" alt=\"Global discount rates graph dropping\" class=\"wp-image-6002\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Global economic and financial turmoil offer a number of potential sources. Recessions in Germany and Japan have driven interest rates down to 1/3 of levels in 1991-92<em> (or 1/12 in the case of Japan).</em> However, the frenzied effort to jumpstart foreign economies has instead pushed excess liquidity into the U.S. financial markets.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"left\",\"id\":6003,\"sizeSlug\":\"medium\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignleft size-medium\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/net-foreign-purchases-300x211.jpg\" alt=\"Net foreign purchases of U.S. Treasury Bonds and Notes\" class=\"wp-image-6003\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>As a result, purchasing of U.S. Treasuries by foreign investors and central banks has soared to unprecedented levels. The short-term benefits have funded our trade deficit, supported the Dollar, and sloshed liquidity into Wall Street.<em> The obvious danger is what might happen now that this trend shows signs of reversing.</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":6004,\"sizeSlug\":\"medium\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignright size-medium\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/global-derivatives-207x300.jpg\" alt=\"Global derivatives market bar chart increasing\" class=\"wp-image-6004\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Another potential trigger resides in the global derivatives market. It’s assumed by today’s young gun-slinging money managers that such leveraged derivatives are as liquid as cash – even in a falling market or financial crisis. However, note that the face value of these global derivatives now totals over $41 trillion… 6 times larger than in the last U.S. recession… and 17 times larger than when liquidity disappeared during the 1987 Crash. That $41 trillion has never experienced a true global recession or liquidity crisis.<em> What happens if speculators all want out at the same time?</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"left\",\"id\":6005,\"sizeSlug\":\"medium\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignleft size-medium\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/household-credit-300x292.jpg\" alt=\"Household credit as a percentage of disposable personal income\" class=\"wp-image-6005\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>Liquidity could also prove a problem for today’s consumers. Household debt (even as a percentage of income) continues to rise to record levels. Personal bankruptcies are also at record levels – even in this 8th year of economic expansion. <em>With consumer spending accounting for 2/3’s of GDP growth, how long can households keep heading the wrong way down a oneway street?</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":6006,\"width\":374,\"height\":182,\"sizeSlug\":\"medium\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignright size-medium is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/ici-liquid-300x146.jpg\" alt=\"ICI liquid asset ratio decreasing to 5.1%\" class=\"wp-image-6006\" width=\"374\" height=\"182\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>If illiquidity is the trigger, mutual funds are sitting on the target. Cash reserves, tracked by ICI, have been reduced to the lowest levels of this 16-year disinflation bull. Meanwhile, nervous fund families, including Fidelity and Vanguard, have requested permission from the SEC to borrow from money market funds to meet redemptions if necessary. Some are even “investing” cash reserves in stock index futures. <em>Is it confidence, ignorance, or recklessness that leads mutual funds down the same path as in the Go-Go Fund 1960’s, or as the Investment Trusts of the late 1920’s?</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Threat of a Crash…</h3>\n<!-- /wp:heading -->\n\n<!-- wp:list {\"className\":\"is-style-default\"} -->\n<ul class=\"is-style-default\"><li>This 7.8 years without a -15% correction in the DJIA is virtually double the previous record. Among the 5 longest such periods… are the 1929 Crash and 1987 Crash. <em>Coincidence?</em></li><li>This 16th year without the DJIA dropping under the previous year’s low is double the previous record of 8 years… which ended in the 1929 Crash. <em>Coincidence?</em></li><li>Intraday volatility (daily high-to-low) is averaging over 2% (~180 DJIA points) for 1997-98. Among the 3 previous records… again, 1929 and 1987. <em>Coincidence?</em></li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p>Historical precedent paints a foreboding picture. A “crash” is always a possibility in a correctionless, overvalued stock market. And none have been as correctionless or as overvalued as this one. Wall Street confidence relies heavily on the Federal Reserve and its ability to control or halt a meltdown scenario. Media has publicized the “un”official <em>Plunge Protection Team</em>, comprised of the Federal Reserve, Treasury, SEC, and CFTC – all of whom are <em>“thinking carefully about how they would respond to the unthinkable”</em> on Wall Street. Only time will tell if such confidence is misplaced…</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><strong>Plunge Protection Team<br></strong>White House Group Shapes Plans to Ensure<br>Any Market Free Fall Is Contained</p><cite>The Washington Post</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Weighing the Dangers…</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Today’s parallels with history, and repeated warnings from the SEC and the Federal Reserve carry ominous overtones. A correctionless bull market, record overvaluation, plus public exuberance all add up to unprecedented risk – for the stock market, as well as the U.S. economy. By July 1998, stock market capitalization (in relation to GDP) has reached over twice the peak before the last recession or prior to the 1987 stock market crash. <strong>Simply stated, even a mild bear market of -25% from today’s lofty levels, would wipe out $2.8 trillion – with more economic impact than any bear market of the past 60 years!</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":6010,\"width\":358,\"height\":344,\"sizeSlug\":\"medium\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignright size-medium is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/stock-market-capitalization-300x288.jpg\" alt=\"\" class=\"wp-image-6010\" width=\"358\" height=\"344\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>To Alan Greenspan, who wrote so astutely of the lessons of 1929, the threat must  weigh heavily. The anecdotal evidence is overwhelming that Wall Street is in some type of bubble – a mania where valuations and expectations have disconnected from reality. If that is indeed the case, then what lies ahead is inevitable. And the downside risk is grossly underestimated by today’s investor. With valuations based on the broad S&amp;P 500 Index (but downside risk expressed in more familiar DJIA point terms), the table below shows how far today’s stock market could tumble before hitting 70-year average valuations. NOTE:<em> This is only to <strong>average </strong>valuation levels since 1928, not the extreme lows that are typical in most bear markets!</em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"left\",\"id\":6012,\"width\":380,\"height\":166,\"sizeSlug\":\"medium\",\"linkDestination\":\"none\"} -->\n<div class=\"wp-block-image\"><figure class=\"alignleft size-medium is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/03/valuation-risk-300x130.jpg\" alt=\"\" class=\"wp-image-6012\" width=\"380\" height=\"166\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>In one sense, it doesn’t matter whether today’s bubble unwinds in a deflationary crisis as in 1929, or in a series of protracted bear markets as in the late 60’s. The consequences for the average investor were the same. Those who blindly followed a buy-&amp;-hold strategy were devastated, both financially and psychologically. Meanwhile, those investors who recognized the dangers and took evasive action weathered the fallout – or even profited handsomely in the years that followed.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It also matters little, if it is a bubble, what circumstance or event is blamed for “pricking” the overinflated balloon. Inevitably, the fact remains that much of the fault must lie with Wall Street itself. If not for the sirens and aggressive marketing in an overextended, overheated, overvalued bull market, then the excesses and speculation couldn’t reach such extremes. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The purpose of this special report is not to frighten or build the case for a crash. Our sole objective is to educate. It is a dangerous, perhaps even financially fatal assumption to think the next 5 years will be a repeat of the recent past. But historical precedent cannot be ignored. The 1980’s and 90’s are not the first era where investors have been pushed away from inflation hedges, real estate, bonds, and cash. And, as revealed inside, it would not be the first such bubble created by these disinflation forces. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Only time, and 20/20 hindsight, will reveal if today’s “new era” is a mirage – merely  an old era carried to new levels of excess. Unfortunately, the symptoms are present and warning flags are flying high. <strong>Yet even if Wall Street is in a bubble destined to deflate, one must also remember that the devastation which followed the late 20’s and late 60’s created tremendous profit opportunities for those astute investors who understood and perceived what was happening. The historical perspective and evidence presented in this report serve as a vital step in that direction.</strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:block {\"ref\":5343} /-->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:block {\"ref\":5343} /-->\n\n<!-- wp:heading {\"level\":4} -->\n<h4>InvesTech Special Report published July 1998</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This report is also available to <a href=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/06/New-Paradigm-Report.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">read in PDF format.</a> </p>\n<!-- /wp:paragraph -->','The New Paradigm... Era -or- Bubble?','A critical look at the unprecedented events that unfolded on Wall Street during the high-tech bubble of the late 1990s. Was it a New Era? Or was history repeating itself? What were the danger signs every investor should have known?','publish','closed','closed','','the-new-paradigm','','','2021-10-20 09:49:40','2021-10-20 15:49:40','',0,'https://ns2020-investech.investech.com/?post_type=investech-library&#038;p=2497',0,'investech-library','',0);
INSERT INTO `wp_posts` VALUES (2498,3,'2020-08-04 21:42:24','2020-08-04 21:42:24','<!-- wp:paragraph -->\n<p>A critical look at the unprecedented events that unfolded on Wall Street during the high-tech bubble of the late 1990s. Was it a New Era? Or was history repeating itself? What were the danger signs every investor should have known?</p>\n<!-- /wp:paragraph -->','The New Paradigm... Era -or- Bubble?','','inherit','closed','closed','','2497-revision-v1','','','2020-08-04 21:42:24','2020-08-04 21:42:24','',2497,'https://ns2020-investech.investech.com/2497-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2499,3,'2020-08-04 21:42:48','2020-08-04 21:42:48','<!-- wp:paragraph -->\n<p>A critical look at the unprecedented events that unfolded on Wall Street during the high-tech bubble of the late 1990s. Was it a New Era? Or was history repeating itself? What were the danger signs every investor should have known?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','The New Paradigm... Era -or- Bubble?','','inherit','closed','closed','','2497-revision-v1','','','2020-08-04 21:42:48','2020-08-04 21:42:48','',2497,'https://ns2020-investech.investech.com/2497-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2503,3,'2020-08-04 22:05:16','2020-08-04 22:05:16','<!-- wp:paragraph -->\n<p>Are we in a new bull market or is it a bear market rally? If it is a new bull market, will it be a cyclical bull that is destined to a short life span or fail to reach old highs? And is it too late to buy, with the market already rebounding over 25%. In this issue, we provide the historical answers to these questions... more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','InvesTech Research - May 8, 2009','','inherit','closed','closed','','2478-revision-v1','','','2020-08-04 22:05:16','2020-08-04 22:05:16','',2478,'https://ns2020-investech.investech.com/2478-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2504,2,'2020-08-04 22:05:22','2020-08-04 22:05:22','<!-- wp:paragraph -->\n<p>A critical look at the unprecedented events that unfolded on Wall Street during the high-tech bubble of the late 1990s. Was it a New Era? Or was history repeating itself? What were the danger signs every investor should have known?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','The New Paradigm... Era -or- Bubble?','What would this here do?','inherit','closed','closed','','2497-revision-v1','','','2020-08-04 22:05:22','2020-08-04 22:05:22','',2497,'https://ns2020-investech.investech.com/2497-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2505,3,'2020-08-04 22:05:28','2020-08-04 22:05:28','<!-- wp:paragraph -->\n<p>Are we in a new bull market or is it a bear market rally? If it is a new bull market, will it be a cyclical bull that is destined to a short life span or fail to reach old highs? And is it too late to buy, with the market already rebounding over 25%. In this issue, we provide the historical answers to these questions... more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','InvesTech Research May 8, 2009','','inherit','closed','closed','','2478-revision-v1','','','2020-08-04 22:05:28','2020-08-04 22:05:28','',2478,'https://ns2020-investech.investech.com/2478-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2506,2,'2020-08-04 22:05:49','2020-08-04 22:05:49','<!-- wp:paragraph -->\n<p>A critical look at the unprecedented events that unfolded on Wall Street during the high-tech bubble of the late 1990s. Was it a New Era? Or was history repeating itself? What were the danger signs every investor should have known?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','The New Paradigm... Era -or- Bubble?','','inherit','closed','closed','','2497-revision-v1','','','2020-08-04 22:05:49','2020-08-04 22:05:49','',2497,'https://ns2020-investech.investech.com/2497-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2507,2,'2020-08-04 22:08:32','2020-08-05 04:08:32','<!-- wp:heading -->\n<h2>Measuring the real quality of internal leadership...</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The Negative Leadership Composite (NLC) has served as one of InvesTech Research\'s most reliable tools over our 40-year history for navigating bull and bear markets alike. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Selling Vacuum</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The top half of our NLC, or what we call the bullish Selling Vacuum, rises as downside leadership evaporates. More often than not, the height <em>and </em>duration of this Selling Vacuum helps to indicate how strong a new bull market is - and how long it will last. For example, the instances when this indicator has climbed to very strong readings of +60 or +70, it confirmed the onset of a new multi-year bull market. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Distribution</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The bottom (shaded) half of our NLC, also known as bearish Distribution, measures the rate of acceleration in downside leadership. This is the most vulnerable, dangerous region for the stock market... it is when bear markets can strike.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Obviously, this Negative Leadership Composite doesn\'t provide signals very often. When Distribution (shaded region) is present, it\'s time to be more cautious and carry a higher cash reserve. But when a Selling Vacuum appears (especially after 6+ months of Distribution), it\'s time to take notice and get ready to jump on a charging new bull market in stocks. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','Negative Leadership Composite','The Negative Leadership Composite (NLC) has served as one of InvesTech Research\'s most reliable tools over our 40-year history for navigating bull and bear markets alike.','publish','closed','closed','','negative-leadership-composite','','','2022-05-05 13:22:04','2022-05-05 19:22:04','',0,'https://ns2020-investech.investech.com/?post_type=investech-indicators&#038;p=2507',6,'investech-indicators','',0);
INSERT INTO `wp_posts` VALUES (2508,3,'2020-08-04 22:07:15','2020-08-04 22:07:15','<!-- wp:paragraph -->\n<p>Aging bull markets are naturally predisposed to excesses -particularly in debt and leverage- and once again nontraditional loans are taking center stage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','Securities-Backed Loans-Tip of the Iceberg?','','inherit','closed','closed','','2472-revision-v1','','','2020-08-04 22:07:15','2020-08-04 22:07:15','',2472,'https://ns2020-investech.investech.com/2472-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2509,3,'2020-08-04 22:07:38','2020-08-04 22:07:38','<!-- wp:paragraph -->\n<p>Aging bull markets are naturally predisposed to excesses -particularly in debt and leverage- and once again nontraditional loans are taking center stage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','Securities-Backed Loans...  Just the Tip of the Iceberg?','','inherit','closed','closed','','2472-revision-v1','','','2020-08-04 22:07:38','2020-08-04 22:07:38','',2472,'https://ns2020-investech.investech.com/2472-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2510,2,'2020-08-04 22:08:32','2020-08-04 22:08:32','','Negative Leadership Composite','','inherit','closed','closed','','2507-revision-v1','','','2020-08-04 22:08:32','2020-08-04 22:08:32','',2507,'https://ns2020-investech.investech.com/2507-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2512,2,'2020-08-04 22:33:29','2020-08-04 22:33:29','<!-- wp:paragraph -->\n<p>InvesTech seeks to transform the “guesswork” of investing into a more precise strategy by utilizing a sophisticated (yet easy to understand) blending of economic, monetary, and technical analysis. At first, proprietary indicators such as our Negative Leadership Composite, Pressure Factor, A/D Divergence Index, and Bellwether Index may sound strange and unfamiliar. However, such tools have been the key to InvesTech’s safety-first track record. More importantly, investing in the stock market is a learning experience.Within a matter of months, most subscribers begin to feel at ease with the detailed analysis which has earned InvesTech its reputation as one of the nation’s leading advisory services.</p>\n<!-- /wp:paragraph -->','Negative Leadership Composite','','inherit','closed','closed','','2507-revision-v1','','','2020-08-04 22:33:29','2020-08-04 22:33:29','',2507,'https://ns2020-investech.investech.com/2507-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2513,2,'2020-08-04 22:34:24','2020-08-04 22:34:24','<!-- wp:paragraph -->\n<p>InvesTech seeks to transform the “guesswork” of investing into a more precise strategy by utilizing a sophisticated (yet easy to understand) blending of economic, monetary, and technical analysis. At first, proprietary indicators such as our Negative Leadership Composite, Pressure Factor, A/D Divergence Index, and Bellwether Index may sound strange and unfamiliar. However, such tools have been the key to InvesTech’s safety-first track record. More importantly, investing in the stock market is a learning experience.Within a matter of months, most subscribers begin to feel at ease with the detailed analysis which has earned InvesTech its reputation as one of the nation’s leading advisory services.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"id\":2397,\"sizeSlug\":\"large\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/nlc.svg\" alt=\"\" class=\"wp-image-2397\"/></figure>\n<!-- /wp:image -->','Negative Leadership Composite','','inherit','closed','closed','','2507-revision-v1','','','2020-08-04 22:34:24','2020-08-04 22:34:24','',2507,'https://ns2020-investech.investech.com/2507-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2514,2,'2020-08-04 22:34:37','2020-08-04 22:34:37','<!-- wp:image {\"id\":2397,\"sizeSlug\":\"large\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/nlc.svg\" alt=\"\" class=\"wp-image-2397\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>InvesTech seeks to transform the “guesswork” of investing into a more precise strategy by utilizing a sophisticated (yet easy to understand) blending of economic, monetary, and technical analysis. At first, proprietary indicators such as our Negative Leadership Composite, Pressure Factor, A/D Divergence Index, and Bellwether Index may sound strange and unfamiliar. However, such tools have been the key to InvesTech’s safety-first track record. More importantly, investing in the stock market is a learning experience.Within a matter of months, most subscribers begin to feel at ease with the detailed analysis which has earned InvesTech its reputation as one of the nation’s leading advisory services.</p>\n<!-- /wp:paragraph -->','Negative Leadership Composite','','inherit','closed','closed','','2507-revision-v1','','','2020-08-04 22:34:37','2020-08-04 22:34:37','',2507,'https://ns2020-investech.investech.com/2507-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2515,2,'2020-08-04 22:39:33','2020-08-04 22:39:33','<!-- wp:paragraph -->\n<p>Market psychology tends to roll in waves… a wave of euphoria followed by a wave of pessimism, overconfidence followed by fear. As a result, markets advance (or decline) in a volatile manner as they bounce between “overbought” and “oversold” levels. Both investors and traders are easily swept along in these buying panics or selling panics, only to find themselves jumping in near a short-term peak or selling right at a short-term bottom.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:acf/subscriber-private-csv-table {\"name\":\"acf/subscriber-private-csv-table\",\"data\":{\"investech_propritary_csv_file_name\":\"ST-Trading\",\"_investech_propritary_csv_file_name\":\"field_613e635add191\",\"investech_propritary_csv_data_has_extra_first_row\":\"\",\"_investech_propritary_csv_data_has_extra_first_row\":\"field_614df0af7817c\",\"investech_propritary_csv_data_first_row_column_spans\":\"\",\"_investech_propritary_csv_data_first_row_column_spans\":\"field_614df1117817d\",\"investech_propritary_csv_data_character_for_cell_alignment\":\"\",\"_investech_propritary_csv_data_character_for_cell_alignment\":\"field_614dffe9a40c8\"},\"mode\":\"preview\"} /-->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:paragraph -->\n<p>An \"overbought\" market condition can be defined as <em>stock prices having climbed too far, too fast, with too much volume flowing into too few stocks. </em>In simple terms, the more overbought a market becomes, the higher the probability that it will level off to digest its recent rise, or even correct downward - giving back a portion of its gain. The opposite is true for an oversold market. <br><br>Our Pressure Factor was developed to measure the degree to which the market is overbought or oversold in the short term. Readings below -30 are defined as being moderately oversold and readings above +30 are defined as being moderately overbought. Moderate readings typically carry very near-term consequences and are useful for making tactical trades. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Extreme readings, which typically precede more meaningful moves in the market, are defined as being -60 or below for oversold readings and +60 or above for overbought readings. The Pressure Factor reaches these extreme levels relatively infrequently, and they tend to carry more significant consequences than moderate oversold/overbought readings. For example, the Pressure Factor surged to +115 in the rebound following the 2020 COVID Crash, which was the most overbought reading in over 30 years. The next three days saw the S&amp;P 500 lose -7.2%, including a single-day loss of -5.9%!  <br><br>Since markets can often reach an <em>extreme</em> overbought/oversold level, the Pressure Factor should be used as a trigger when it <em>exits</em> these regions. In other words... <strong>the time to purchase stocks is not when the Pressure Factor <em>enters</em> the oversold region, but rather after it bottoms and <em>exits </em>the oversold region. </strong>Conversely, the time to sell a stock is when the Pressure Factor <em>exits </em>the overbought region.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:acf/subscriber-private-csv-table {\"name\":\"acf/subscriber-private-csv-table\",\"data\":{\"investech_propritary_csv_file_name\":\"Breadth-Indicators\",\"_investech_propritary_csv_file_name\":\"field_613e635add191\",\"investech_propritary_csv_data_has_extra_first_row\":\"\",\"_investech_propritary_csv_data_has_extra_first_row\":\"field_614df0af7817c\",\"investech_propritary_csv_data_first_row_column_spans\":\"[1-4],[5-8]\",\"_investech_propritary_csv_data_first_row_column_spans\":\"field_614df1117817d\",\"investech_propritary_csv_data_character_for_cell_alignment\":\"\",\"_investech_propritary_csv_data_character_for_cell_alignment\":\"field_614dffe9a40c8\"},\"mode\":\"preview\"} /--></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:acf/subscriber-private-svg {\"name\":\"acf/subscriber-private-svg\",\"data\":{\"private_svg_file_name\":\"Canary-Index\",\"_private_svg_file_name\":\"field_60e3dd3ec0f9b\"},\"mode\":\"preview\"} /--></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:acf/subscriber-private-svg {\"name\":\"acf/subscriber-private-svg\",\"data\":{\"private_svg_file_name\":\"NLC\",\"_private_svg_file_name\":\"field_60e3dd3ec0f9b\"},\"mode\":\"preview\"} /-->','Pressure Factor','Our Pressure Factor was developed to measure the degree to which the market is overbought or oversold in the short term.','publish','closed','closed','','pressure-factor','','','2023-04-18 13:06:28','2023-04-18 19:06:28','',0,'https://ns2020-investech.investech.com/?post_type=investech-indicators&#038;p=2515',5,'investech-indicators','',0);
INSERT INTO `wp_posts` VALUES (2516,2,'2020-08-04 22:39:33','2020-08-04 22:39:33','<!-- wp:image {\"id\":2402,\"sizeSlug\":\"large\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/pf.svg\" alt=\"\" class=\"wp-image-2402\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>InvesTech seeks to transform the “guesswork” of investing into a more precise strategy by utilizing a sophisticated (yet easy to understand) blending of economic, monetary, and technical analysis. At first, proprietary indicators such as our Negative Leadership Composite, Pressure Factor, A/D Divergence Index, and Bellwether Index may sound strange and unfamiliar. However, such tools have been the key to InvesTech’s safetyfirst track record. More importantly, investing in the stock market is a learning experience.Within a matter of months, most subscribers begin to feel at ease with the detailed analysis which has earned InvesTech its reputation as one of the nation’s leading advisory services.</p>\n<!-- /wp:paragraph -->','Pressure Factor','','inherit','closed','closed','','2515-revision-v1','','','2020-08-04 22:39:33','2020-08-04 22:39:33','',2515,'https://ns2020-investech.investech.com/2515-revision-v1/',0,'revision','',0);
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INSERT INTO `wp_posts` VALUES (2528,2,'2020-08-05 14:47:38','2020-08-05 14:47:38','<!-- wp:heading -->\n<h2>InvesTech\'s Proprietary Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"58\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/nlc/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":5} -->\n<div class=\"wp-block-column\" style=\"flex-basis:5%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"59\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/pressure-factor/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":43} -->\n<div class=\"wp-block-column\" style=\"flex-basis:43%\"><!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">For over 40 years, James Stack and the InvesTech team has been equally committed to helping investors increase profits and reduce risk through his top-rated <em><strong>InvesTech Research</strong> </em>newsletter. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Based far from Wall Street in scenic Whitefish, Montana, InvesTech offers a \"safety-first\" strategy that you simply can\'t get anywhere else. Utilizing time-proven proprietary models and objective analysis, InvesTech has proven to be remarkably accurate at predicting market risk – telling investors when to be most bullish and when to become cautious.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"id\":1194,\"width\":822,\"height\":462,\"sizeSlug\":\"full\",\"className\":\"border-radius: 10% is-style-rounded\"} -->\n<figure class=\"wp-block-image size-full is-resized border-radius: 10% is-style-rounded\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/whitefish-4.jpg\" alt=\"\" class=\"wp-image-1194\" width=\"822\" height=\"462\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:heading {\"align\":\"center\",\"className\":\"is-small-margin-h3\"} -->\n<h2 class=\"has-text-align-center is-small-margin-h3\"><strong>Over 40 Years of Proven Track Record</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:shortcode -->\n[cool-timeline layout=\"horizontal\" category=\"history\" skin=\"default\" designs=\"design-2\" show-posts=\"10\" order=\"ASC\" items=\"3\" icons=\"NO\" story-content=\"full\"  based=\"custom\" autoplay=\"false\" start-on=\"0\"]\n<!-- /wp:shortcode -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading -->\n<h2>5 Reasons to Subscribe to InvesTech Research</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"verticalAlignment\":\"top\",\"width\":66.66} -->\n<div class=\"wp-block-column is-vertically-aligned-top\" style=\"flex-basis:66.66%\"><!-- wp:paragraph {\"customTextColor\":\"#ffffff\",\"customBackgroundColor\":\"#00467f\"} -->\n<p style=\"background-color:#00467f;color:#ffffff\" class=\"has-text-color has-background\"><strong>A commitment to both safety and profits.</strong>&nbsp;&nbsp;While most investment newsletters are really little more than tip sheets, InvesTech is equally focused on spotting unique buying opportunities and protecting your money against losses.&nbsp;<em>Forbes</em>&nbsp;magazine has described the track record of our model portfolio as \"more or less impervious to declines.\"<br><br><strong>An extensive historical database of over 100 years of technical and macroeconomic data that allows stunningly accurate insights.</strong>&nbsp;&nbsp;Through this wealth of market information, we\'re able to spot trends and detect patterns that most other advisories miss.<br><br><strong>An easier understanding of technical analysis.</strong>&nbsp;&nbsp;We transform the art of technical analysis into a more exact science— readily understood by even nontechnical investors. You\'ll come away with a much greater knowledge than the average investor.<br><br><strong>Time-proven proprietary tools.</strong>&nbsp;&nbsp;Based on our unique market analysis, these tools enable us to give subscribers advance signals of once-in-a-decade buying opportunities and identify bear market \"warning flags\" so you can avoid market plunges.<br><br><strong>An independent 100% objective point of view.</strong>&nbsp;&nbsp;InvesTech sells no investment products, so we bring you an objectivity that you\'ll never find from brokers, mutual fund advisors, and even many investment newsletter editors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":36} -->\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading {\"align\":\"left\"} -->\n<h2 class=\"has-text-align-left\"><strong>InvesTech\'s Webcam of Big Mountain</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Looking north from our office in Whitefish, we have an incredible view of Big Mountain, which stands just west of Glacier National Park and is part of the Flathead National Forest.  <br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":1669,\"width\":516,\"height\":367,\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter is-resized\"><a href=\"https://ns2020-investech.investech.com/webcam/\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/big-mt-webcam.jpg\" alt=\"\" class=\"wp-image-1669\" width=\"516\" height=\"367\"/></a></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong><a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/webcam/\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here</a></strong>&nbsp;to view our live webcam, weather and daylight permitting. If the clouds have rolled in, then you can also browse some of our favorite photos taken on nicer days.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":33.33} -->\n<div class=\"wp-block-column\" style=\"flex-basis:33.33%\"><!-- wp:paragraph -->\n<p><strong>Best Sources for Investment Advice</strong><br><em><em>\"Best Stock Market Letter: InvesTech Research, which promises \'safety-first profits,\' has bested the overall stock market over the long haul with less risk. Publisher James Stack analyzes economic, monetary and market data (some going back more than 100 years) to make market calls and recommend allocations.”</em></em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":2166,\"width\":140,\"height\":51} -->\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/kiplinger_small-1.jpg\" alt=\"\" class=\"wp-image-2166\" width=\"140\" height=\"51\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:paragraph -->\n<p><strong>What subscribers are saying:  </strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I’d like to offer a special word of praise for all the work the entire InvesTech staff of professionals does to help bring meaningful technical and fundamental insights to the attention of your subscribers. &nbsp;There is no one who can compare with what you do or the way in which you do it.</em></p><cite>P.E.P., Ph.D., Okemos, MI</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote {\"align\":\"left\"} -->\n<blockquote class=\"wp-block-quote has-text-align-left\"><p><em>You have the discipline of a seasoned technician, but you also have the insight of a brilliant theoretician. That is a very rare combination. You have made us a lot of money, but you have saved us even more.</em></p><cite>B.P., San Juan Capistrano, CA</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>You guys add sanity to more than counterbalance what you see and hear in the so-called \'business news.\' Thank you for helping me keep my family\'s financial plan on course.</em></p><cite>F.D., Baldwinsville, NY</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I have followed Jim carefully over these many years, and I am absolutely convinced that he is the \'top of the class\' of independent thinkers.</em></p><cite>C.C., Inverness, IL</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2>Traveling to Whitefish, Montana?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Our doors are open to subscribers visiting the Whitefish area provided proper social distancing guidelines are met.  We are also following Montana\'s directive to require the use of face coverings.  If you would like to visit our office, please call <a href=\"tel:8009558500\">1-800-955-8500</a> (Monday through Friday, 8:30am to 5:00pm Mountain Time) to schedule.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":740,\"width\":395,\"height\":241,\"sizeSlug\":\"large\",\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/InvesTech_Research-1024x627.png\" alt=\"\" class=\"wp-image-740\" width=\"395\" height=\"241\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>While visiting Whitefish, you may also enjoy our <a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/BestofBrochure.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Best of Whitefish</a> brochure, which was assembled by our staff and includes our favorite restaurants and activities in the area.  Please be aware some businesses may have altered their operating hours due to Covid-19 restrictions.  </p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2><strong> Keynote Address</strong> give by James Stack</h2>\n<!-- /wp:heading -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">View <em>The Five Bear Market Warning Flags That Will Save Your Portfolio</em> presented by James Stack from the MoneyShow Seattle.<br><br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:html -->\n<figure><iframe width=\"640\" height=\"360\" src=\"https://player.vimeo.com/video/347616793\" allowfullscreen=\"\"></iframe></figure>\n<!-- /wp:html --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','Home','','inherit','closed','closed','','4-revision-v1','','','2020-08-05 14:47:38','2020-08-05 14:47:38','',4,'https://ns2020-investech.investech.com/4-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2529,2,'2020-08-05 14:47:53','2020-08-05 14:47:53','<!-- wp:heading -->\n<h2>InvesTech\'s Proprietary Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"58\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/nlc/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":5} -->\n<div class=\"wp-block-column\" style=\"flex-basis:5%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"59\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/pressure-factor/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":43} -->\n<div class=\"wp-block-column\" style=\"flex-basis:43%\"><!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">For over 40 years, James Stack and the InvesTech team has been equally committed to helping investors increase profits and reduce risk through his top-rated <em><strong>InvesTech Research</strong> </em>newsletter. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Based far from Wall Street in scenic Whitefish, Montana, InvesTech offers a \"safety-first\" strategy that you simply can\'t get anywhere else. Utilizing time-proven proprietary models and objective analysis, InvesTech has proven to be remarkably accurate at predicting market risk – telling investors when to be most bullish and when to become cautious.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"id\":1194,\"width\":822,\"height\":462,\"sizeSlug\":\"full\",\"className\":\"border-radius: 10% is-style-rounded\"} -->\n<figure class=\"wp-block-image size-full is-resized border-radius: 10% is-style-rounded\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/whitefish-4.jpg\" alt=\"\" class=\"wp-image-1194\" width=\"822\" height=\"462\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:heading {\"align\":\"center\",\"className\":\"is-small-margin-h3\"} -->\n<h2 class=\"has-text-align-center is-small-margin-h3\"><strong>Over 40 Years of Proven Track Record</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:shortcode -->\n[cool-timeline layout=\"horizontal\" category=\"history\" skin=\"default\" designs=\"design-2\" show-posts=\"10\" order=\"ASC\" items=\"3\" icons=\"NO\" story-content=\"full\"  based=\"custom\" autoplay=\"false\" start-on=\"0\"]\n<!-- /wp:shortcode -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading -->\n<h2>5 Reasons to Subscribe to InvesTech Research</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"verticalAlignment\":\"top\",\"width\":66.66} -->\n<div class=\"wp-block-column is-vertically-aligned-top\" style=\"flex-basis:66.66%\"><!-- wp:paragraph {\"customTextColor\":\"#ffffff\",\"customBackgroundColor\":\"#00467f\"} -->\n<p style=\"background-color:#00467f;color:#ffffff\" class=\"has-text-color has-background\"><strong>A commitment to both safety and profits.</strong>&nbsp;&nbsp;While most investment newsletters are really little more than tip sheets, InvesTech is equally focused on spotting unique buying opportunities and protecting your money against losses.&nbsp;<em>Forbes</em>&nbsp;magazine has described the track record of our model portfolio as \"more or less impervious to declines.\"<br><br><strong>An extensive historical database of over 100 years of technical and macroeconomic data that allows stunningly accurate insights.</strong>&nbsp;&nbsp;Through this wealth of market information, we\'re able to spot trends and detect patterns that most other advisories miss.<br><br><strong>An easier understanding of technical analysis.</strong>&nbsp;&nbsp;We transform the art of technical analysis into a more exact science— readily understood by even nontechnical investors. You\'ll come away with a much greater knowledge than the average investor.<br><br><strong>Time-proven proprietary tools.</strong>&nbsp;&nbsp;Based on our unique market analysis, these tools enable us to give subscribers advance signals of once-in-a-decade buying opportunities and identify bear market \"warning flags\" so you can avoid market plunges.<br><br><strong>An independent 100% objective point of view.</strong>&nbsp;&nbsp;InvesTech sells no investment products, so we bring you an objectivity that you\'ll never find from brokers, mutual fund advisors, and even many investment newsletter editors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":36} -->\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading {\"align\":\"left\"} -->\n<h2 class=\"has-text-align-left\"><strong>InvesTech\'s Webcam of Big Mountain</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Looking north from our office in Whitefish, we have an incredible view of Big Mountain, which stands just west of Glacier National Park and is part of the Flathead National Forest.  <br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":1669,\"width\":516,\"height\":367,\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter is-resized\"><a href=\"https://ns2020-investech.investech.com/webcam/\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/big-mt-webcam.jpg\" alt=\"\" class=\"wp-image-1669\" width=\"516\" height=\"367\"/></a></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong><a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/webcam/\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here</a></strong>&nbsp;to view our live webcam, weather and daylight permitting. If the clouds have rolled in, then you can also browse some of our favorite photos taken on nicer days.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":33.33} -->\n<div class=\"wp-block-column\" style=\"flex-basis:33.33%\"><!-- wp:paragraph -->\n<p><strong>Best Sources for Investment Advice</strong><br><em><em>\"Best Stock Market Letter: InvesTech Research, which promises \'safety-first profits,\' has bested the overall stock market over the long haul with less risk. Publisher James Stack analyzes economic, monetary and market data (some going back more than 100 years) to make market calls and recommend allocations.”</em></em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":2166,\"width\":140,\"height\":51} -->\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/kiplinger_small-1.jpg\" alt=\"\" class=\"wp-image-2166\" width=\"140\" height=\"51\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:paragraph -->\n<p><strong>What subscribers are saying:  </strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I’d like to offer a special word of praise for all the work the entire InvesTech staff of professionals does to help bring meaningful technical and fundamental insights to the attention of your subscribers. &nbsp;There is no one who can compare with what you do or the way in which you do it.</em></p><cite>P.E.P., Ph.D., Okemos, MI</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote {\"align\":\"left\"} -->\n<blockquote class=\"wp-block-quote has-text-align-left\"><p><em>You have the discipline of a seasoned technician, but you also have the insight of a brilliant theoretician. That is a very rare combination. You have made us a lot of money, but you have saved us even more.</em></p><cite>B.P., San Juan Capistrano, CA</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>You guys add sanity to more than counterbalance what you see and hear in the so-called \'business news.\' Thank you for helping me keep my family\'s financial plan on course.</em></p><cite>F.D., Baldwinsville, NY</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I have followed Jim carefully over these many years, and I am absolutely convinced that he is the \'top of the class\' of independent thinkers.</em></p><cite>C.C., Inverness, IL</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2>Traveling to Whitefish, Montana?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Our doors are open to subscribers visiting the Whitefish area provided proper social distancing guidelines are met.  We are also following Montana\'s directive to require the use of face coverings.  If you would like to visit our office, please call <a href=\"tel:8009558500\">800-955-8500</a> (Monday through Friday, 8:30am to 5:00pm Mountain Time) to schedule.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":740,\"width\":395,\"height\":241,\"sizeSlug\":\"large\",\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/InvesTech_Research-1024x627.png\" alt=\"\" class=\"wp-image-740\" width=\"395\" height=\"241\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>While visiting Whitefish, you may also enjoy our <a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/BestofBrochure.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Best of Whitefish</a> brochure, which was assembled by our staff and includes our favorite restaurants and activities in the area.  Please be aware some businesses may have altered their operating hours due to Covid-19 restrictions.  </p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2><strong> Keynote Address</strong> give by James Stack</h2>\n<!-- /wp:heading -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">View <em>The Five Bear Market Warning Flags That Will Save Your Portfolio</em> presented by James Stack from the MoneyShow Seattle.<br><br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:html -->\n<figure><iframe width=\"640\" height=\"360\" src=\"https://player.vimeo.com/video/347616793\" allowfullscreen=\"\"></iframe></figure>\n<!-- /wp:html --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','Home','','inherit','closed','closed','','4-revision-v1','','','2020-08-05 14:47:53','2020-08-05 14:47:53','',4,'https://ns2020-investech.investech.com/4-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2530,2,'2020-08-05 14:48:39','2020-08-05 14:48:39','<!-- wp:heading -->\n<h2>InvesTech\'s Proprietary Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"58\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/nlc/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":5} -->\n<div class=\"wp-block-column\" style=\"flex-basis:5%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"59\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/pressure-factor/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":43} -->\n<div class=\"wp-block-column\" style=\"flex-basis:43%\"><!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">For over 40 years, James Stack and the InvesTech team has been equally committed to helping investors increase profits and reduce risk through his top-rated <em><strong>InvesTech Research</strong> </em>newsletter. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Based far from Wall Street in scenic Whitefish, Montana, InvesTech offers a \"safety-first\" strategy that you simply can\'t get anywhere else. Utilizing time-proven proprietary models and objective analysis, InvesTech has proven to be remarkably accurate at predicting market risk – telling investors when to be most bullish and when to become cautious.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"id\":1194,\"width\":822,\"height\":462,\"sizeSlug\":\"full\",\"className\":\"border-radius: 10% is-style-rounded\"} -->\n<figure class=\"wp-block-image size-full is-resized border-radius: 10% is-style-rounded\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/whitefish-4.jpg\" alt=\"\" class=\"wp-image-1194\" width=\"822\" height=\"462\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:heading {\"align\":\"center\",\"className\":\"is-small-margin-h3\"} -->\n<h2 class=\"has-text-align-center is-small-margin-h3\"><strong>Over 40 Years of Proven Track Record</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:shortcode -->\n[cool-timeline layout=\"horizontal\" category=\"history\" skin=\"default\" designs=\"design-2\" show-posts=\"10\" order=\"ASC\" items=\"3\" icons=\"NO\" story-content=\"full\"  based=\"custom\" autoplay=\"false\" start-on=\"0\"]\n<!-- /wp:shortcode -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading -->\n<h2>5 Reasons to Subscribe to InvesTech Research</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"verticalAlignment\":\"top\",\"width\":66.66} -->\n<div class=\"wp-block-column is-vertically-aligned-top\" style=\"flex-basis:66.66%\"><!-- wp:paragraph {\"customTextColor\":\"#ffffff\",\"customBackgroundColor\":\"#00467f\"} -->\n<p style=\"background-color:#00467f;color:#ffffff\" class=\"has-text-color has-background\"><strong>A commitment to both safety and profits.</strong>&nbsp;&nbsp;While most investment newsletters are really little more than tip sheets, InvesTech is equally focused on spotting unique buying opportunities and protecting your money against losses.&nbsp;<em>Forbes</em>&nbsp;magazine has described the track record of our model portfolio as \"more or less impervious to declines.\"<br><br><strong>An extensive historical database of over 100 years of technical and macroeconomic data that allows stunningly accurate insights.</strong>&nbsp;&nbsp;Through this wealth of market information, we\'re able to spot trends and detect patterns that most other advisories miss.<br><br><strong>An easier understanding of technical analysis.</strong>&nbsp;&nbsp;We transform the art of technical analysis into a more exact science— readily understood by even nontechnical investors. You\'ll come away with a much greater knowledge than the average investor.<br><br><strong>Time-proven proprietary tools.</strong>&nbsp;&nbsp;Based on our unique market analysis, these tools enable us to give subscribers advance signals of once-in-a-decade buying opportunities and identify bear market \"warning flags\" so you can avoid market plunges.<br><br><strong>An independent 100% objective point of view.</strong>&nbsp;&nbsp;InvesTech sells no investment products, so we bring you an objectivity that you\'ll never find from brokers, mutual fund advisors, and even many investment newsletter editors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":36} -->\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading {\"align\":\"left\"} -->\n<h2 class=\"has-text-align-left\"><strong>InvesTech\'s Webcam of Big Mountain</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Looking north from our office in Whitefish, we have an incredible view of Big Mountain, which stands just west of Glacier National Park and is part of the Flathead National Forest.  <br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":1669,\"width\":516,\"height\":367,\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter is-resized\"><a href=\"https://ns2020-investech.investech.com/webcam/\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/big-mt-webcam.jpg\" alt=\"\" class=\"wp-image-1669\" width=\"516\" height=\"367\"/></a></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong><a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/webcam/\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here</a></strong>&nbsp;to view our live webcam, weather and daylight permitting. If the clouds have rolled in, then you can also browse some of our favorite photos taken on nicer days.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":33.33} -->\n<div class=\"wp-block-column\" style=\"flex-basis:33.33%\"><!-- wp:paragraph -->\n<p><strong>Best Sources for Investment Advice</strong><br><em><em>\"Best Stock Market Letter: InvesTech Research, which promises \'safety-first profits,\' has bested the overall stock market over the long haul with less risk. Publisher James Stack analyzes economic, monetary and market data (some going back more than 100 years) to make market calls and recommend allocations.”</em></em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":2166,\"width\":140,\"height\":51} -->\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/kiplinger_small-1.jpg\" alt=\"\" class=\"wp-image-2166\" width=\"140\" height=\"51\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:paragraph -->\n<p><strong>What subscribers are saying:  </strong></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I’d like to offer a special word of praise for all the work the entire InvesTech staff of professionals does to help bring meaningful technical and fundamental insights to the attention of your subscribers. &nbsp;There is no one who can compare with what you do or the way in which you do it.</em></p><cite>P.E.P., Ph.D., Okemos, MI</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote {\"align\":\"left\"} -->\n<blockquote class=\"wp-block-quote has-text-align-left\"><p><em>You have the discipline of a seasoned technician, but you also have the insight of a brilliant theoretician. That is a very rare combination. You have made us a lot of money, but you have saved us even more.</em></p><cite>B.P., San Juan Capistrano, CA</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>You guys add sanity to more than counterbalance what you see and hear in the so-called \'business news.\' Thank you for helping me keep my family\'s financial plan on course.</em></p><cite>F.D., Baldwinsville, NY</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I have followed Jim carefully over these many years, and I am absolutely convinced that he is the \'top of the class\' of independent thinkers.</em></p><cite>C.C., Inverness, IL</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2>Traveling to Whitefish, Montana?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Our doors are open to subscribers visiting the Whitefish area provided proper social distancing guidelines are met.  We are also following Montana\'s directive to require the use of face coverings.  If you would like to visit our office, please call us at <a href=\"tel:8009558500\">800-955-8500</a> (Monday through Friday, 8:30am to 5:00pm Mountain Time) to schedule.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":740,\"width\":395,\"height\":241,\"sizeSlug\":\"large\",\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/InvesTech_Research-1024x627.png\" alt=\"\" class=\"wp-image-740\" width=\"395\" height=\"241\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>While visiting Whitefish, you may also enjoy our <a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/BestofBrochure.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Best of Whitefish</a> brochure, which was assembled by our staff and includes our favorite restaurants and activities in the area.  Please be aware some businesses may have altered their operating hours due to Covid-19 restrictions.  </p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2><strong> Keynote Address</strong> give by James Stack</h2>\n<!-- /wp:heading -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">View <em>The Five Bear Market Warning Flags That Will Save Your Portfolio</em> presented by James Stack from the MoneyShow Seattle.<br><br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:html -->\n<figure><iframe width=\"640\" height=\"360\" src=\"https://player.vimeo.com/video/347616793\" allowfullscreen=\"\"></iframe></figure>\n<!-- /wp:html --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','Home','','inherit','closed','closed','','4-revision-v1','','','2020-08-05 14:48:39','2020-08-05 14:48:39','',4,'https://ns2020-investech.investech.com/4-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2531,2,'2020-08-05 15:01:37','2020-08-05 15:01:37','<!-- wp:heading -->\n<h2>InvesTech\'s Proprietary Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"58\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/nlc/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":5} -->\n<div class=\"wp-block-column\" style=\"flex-basis:5%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"59\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/pressure-factor/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":43} -->\n<div class=\"wp-block-column\" style=\"flex-basis:43%\"><!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">For over 40 years, James Stack and the InvesTech team has been equally committed to helping investors increase profits and reduce risk through his top-rated <em><strong>InvesTech Research</strong> </em>newsletter. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Based far from Wall Street in scenic Whitefish, Montana, InvesTech offers a \"safety-first\" strategy that you simply can\'t get anywhere else. Utilizing time-proven proprietary models and objective analysis, InvesTech has proven to be remarkably accurate at predicting market risk – telling investors when to be most bullish and when to become cautious.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"id\":1194,\"width\":822,\"height\":462,\"sizeSlug\":\"full\",\"className\":\"border-radius: 10% is-style-rounded\"} -->\n<figure class=\"wp-block-image size-full is-resized border-radius: 10% is-style-rounded\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/whitefish-4.jpg\" alt=\"\" class=\"wp-image-1194\" width=\"822\" height=\"462\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:heading {\"align\":\"center\",\"className\":\"is-small-margin-h3\"} -->\n<h2 class=\"has-text-align-center is-small-margin-h3\"><strong>Over 40 Years of Proven Track Record</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:shortcode -->\n[cool-timeline layout=\"horizontal\" category=\"history\" skin=\"default\" designs=\"design-2\" show-posts=\"10\" order=\"ASC\" items=\"3\" icons=\"NO\" story-content=\"full\"  based=\"custom\" autoplay=\"false\" start-on=\"0\"]\n<!-- /wp:shortcode -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading -->\n<h2>5 Reasons to Subscribe to InvesTech Research</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"verticalAlignment\":\"top\",\"width\":66.66} -->\n<div class=\"wp-block-column is-vertically-aligned-top\" style=\"flex-basis:66.66%\"><!-- wp:paragraph {\"customTextColor\":\"#ffffff\",\"customBackgroundColor\":\"#00467f\"} -->\n<p style=\"background-color:#00467f;color:#ffffff\" class=\"has-text-color has-background\"><strong>A commitment to both safety and profits.</strong>&nbsp;&nbsp;While most investment newsletters are really little more than tip sheets, InvesTech is equally focused on spotting unique buying opportunities and protecting your money against losses.&nbsp;<em>Forbes</em>&nbsp;magazine has described the track record of our model portfolio as \"more or less impervious to declines.\"<br><br><strong>An extensive historical database of over 100 years of technical and macroeconomic data that allows stunningly accurate insights.</strong>&nbsp;&nbsp;Through this wealth of market information, we\'re able to spot trends and detect patterns that most other advisories miss.<br><br><strong>An easier understanding of technical analysis.</strong>&nbsp;&nbsp;We transform the art of technical analysis into a more exact science— readily understood by even nontechnical investors. You\'ll come away with a much greater knowledge than the average investor.<br><br><strong>Time-proven proprietary tools.</strong>&nbsp;&nbsp;Based on our unique market analysis, these tools enable us to give subscribers advance signals of once-in-a-decade buying opportunities and identify bear market \"warning flags\" so you can avoid market plunges.<br><br><strong>An independent 100% objective point of view.</strong>&nbsp;&nbsp;InvesTech sells no investment products, so we bring you an objectivity that you\'ll never find from brokers, mutual fund advisors, and even many investment newsletter editors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":36} -->\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading {\"align\":\"left\"} -->\n<h2 class=\"has-text-align-left\"><strong>InvesTech\'s Webcam of Big Mountain</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Looking north from our office in Whitefish, we have an incredible view of Big Mountain, which stands just west of Glacier National Park and is part of the Flathead National Forest.  <br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":1669,\"width\":516,\"height\":367,\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter is-resized\"><a href=\"https://ns2020-investech.investech.com/webcam/\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/big-mt-webcam.jpg\" alt=\"\" class=\"wp-image-1669\" width=\"516\" height=\"367\"/></a></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong><a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/webcam/\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here</a></strong>&nbsp;to view our live webcam, weather and daylight permitting. If the clouds have rolled in, then you can also browse some of our favorite photos taken on nicer days.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":33.33} -->\n<div class=\"wp-block-column\" style=\"flex-basis:33.33%\"><!-- wp:paragraph -->\n<p><strong>Best Sources for Investment Advice</strong><br><em><em>\"Best Stock Market Letter: InvesTech Research, which promises \'safety-first profits,\' has bested the overall stock market over the long haul with less risk. Publisher James Stack analyzes economic, monetary and market data (some going back more than 100 years) to make market calls and recommend allocations.”</em></em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":2166,\"width\":140,\"height\":51} -->\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/kiplinger_small-1.jpg\" alt=\"\" class=\"wp-image-2166\" width=\"140\" height=\"51\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>What subscribers are saying:</h3>\n<!-- /wp:heading -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I’d like to offer a special word of praise for all the work the entire InvesTech staff of professionals does to help bring meaningful technical and fundamental insights to the attention of your subscribers. &nbsp;There is no one who can compare with what you do or the way in which you do it.</em></p><cite>P.E.P., Ph.D., Okemos, MI</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote {\"align\":\"left\"} -->\n<blockquote class=\"wp-block-quote has-text-align-left\"><p><em>You have the discipline of a seasoned technician, but you also have the insight of a brilliant theoretician. That is a very rare combination. You have made us a lot of money, but you have saved us even more.</em></p><cite>B.P., San Juan Capistrano, CA</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>You guys add sanity to more than counterbalance what you see and hear in the so-called \'business news.\' Thank you for helping me keep my family\'s financial plan on course.</em></p><cite>F.D., Baldwinsville, NY</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I have followed Jim carefully over these many years, and I am absolutely convinced that he is the \'top of the class\' of independent thinkers.</em></p><cite>C.C., Inverness, IL</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2>Traveling to Whitefish, Montana?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Our doors are open to subscribers visiting the Whitefish area provided proper social distancing guidelines are met.  We are also following Montana\'s directive to require the use of face coverings.  If you would like to visit our office, please call us at <a href=\"tel:8009558500\">800-955-8500</a> (Monday through Friday, 8:30am to 5:00pm Mountain Time) to schedule.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":740,\"width\":395,\"height\":241,\"sizeSlug\":\"large\",\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/InvesTech_Research-1024x627.png\" alt=\"\" class=\"wp-image-740\" width=\"395\" height=\"241\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>While visiting Whitefish, you may also enjoy our <a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/BestofBrochure.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Best of Whitefish</a> brochure, which was assembled by our staff and includes our favorite restaurants and activities in the area.  Please be aware some businesses may have altered their operating hours due to Covid-19 restrictions.  </p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2><strong> Keynote Address</strong> give by James Stack</h2>\n<!-- /wp:heading -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">View <em>The Five Bear Market Warning Flags That Will Save Your Portfolio</em> presented by James Stack from the MoneyShow Seattle.<br><br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:html -->\n<figure><iframe width=\"640\" height=\"360\" src=\"https://player.vimeo.com/video/347616793\" allowfullscreen=\"\"></iframe></figure>\n<!-- /wp:html --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','Home','','inherit','closed','closed','','4-revision-v1','','','2020-08-05 15:01:37','2020-08-05 15:01:37','',4,'https://ns2020-investech.investech.com/4-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2532,2,'2020-08-05 15:02:16','2020-08-05 15:02:16','<!-- wp:heading -->\n<h2>InvesTech\'s Proprietary Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"58\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/nlc/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":5} -->\n<div class=\"wp-block-column\" style=\"flex-basis:5%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"59\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/pressure-factor/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":43} -->\n<div class=\"wp-block-column\" style=\"flex-basis:43%\"><!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">For over 40 years, James Stack and the InvesTech team has been equally committed to helping investors increase profits and reduce risk through his top-rated <em><strong>InvesTech Research</strong> </em>newsletter. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Based far from Wall Street in scenic Whitefish, Montana, InvesTech offers a \"safety-first\" strategy that you simply can\'t get anywhere else. Utilizing time-proven proprietary models and objective analysis, InvesTech has proven to be remarkably accurate at predicting market risk – telling investors when to be most bullish and when to become cautious.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"id\":1194,\"width\":822,\"height\":462,\"sizeSlug\":\"full\",\"className\":\"border-radius: 10% is-style-rounded\"} -->\n<figure class=\"wp-block-image size-full is-resized border-radius: 10% is-style-rounded\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/whitefish-4.jpg\" alt=\"\" class=\"wp-image-1194\" width=\"822\" height=\"462\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:heading {\"align\":\"center\",\"className\":\"is-small-margin-h3\"} -->\n<h2 class=\"has-text-align-center is-small-margin-h3\"><strong>Over 40 Years of Proven Track Record</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:shortcode -->\n[cool-timeline layout=\"horizontal\" category=\"history\" skin=\"default\" designs=\"design-2\" show-posts=\"10\" order=\"ASC\" items=\"3\" icons=\"NO\" story-content=\"full\"  based=\"custom\" autoplay=\"false\" start-on=\"0\"]\n<!-- /wp:shortcode -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading -->\n<h2>5 Reasons to Subscribe to InvesTech Research</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"verticalAlignment\":\"top\",\"width\":66.66} -->\n<div class=\"wp-block-column is-vertically-aligned-top\" style=\"flex-basis:66.66%\"><!-- wp:paragraph {\"customTextColor\":\"#ffffff\",\"customBackgroundColor\":\"#00467f\"} -->\n<p style=\"background-color:#00467f;color:#ffffff\" class=\"has-text-color has-background\"><strong>A commitment to both safety and profits.</strong>&nbsp;&nbsp;While most investment newsletters are really little more than tip sheets, InvesTech is equally focused on spotting unique buying opportunities and protecting your money against losses.&nbsp;<em>Forbes</em>&nbsp;magazine has described the track record of our model portfolio as \"more or less impervious to declines.\"<br><br><strong>An extensive historical database of over 100 years of technical and macroeconomic data that allows stunningly accurate insights.</strong>&nbsp;&nbsp;Through this wealth of market information, we\'re able to spot trends and detect patterns that most other advisories miss.<br><br><strong>An easier understanding of technical analysis.</strong>&nbsp;&nbsp;We transform the art of technical analysis into a more exact science— readily understood by even nontechnical investors. You\'ll come away with a much greater knowledge than the average investor.<br><br><strong>Time-proven proprietary tools.</strong>&nbsp;&nbsp;Based on our unique market analysis, these tools enable us to give subscribers advance signals of once-in-a-decade buying opportunities and identify bear market \"warning flags\" so you can avoid market plunges.<br><br><strong>An independent 100% objective point of view.</strong>&nbsp;&nbsp;InvesTech sells no investment products, so we bring you an objectivity that you\'ll never find from brokers, mutual fund advisors, and even many investment newsletter editors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":36} -->\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading {\"align\":\"left\"} -->\n<h2 class=\"has-text-align-left\"><strong>InvesTech\'s Webcam of Big Mountain</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Looking north from our office in Whitefish, we have an incredible view of Big Mountain, which stands just west of Glacier National Park and is part of the Flathead National Forest.  <br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":1669,\"width\":516,\"height\":367,\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter is-resized\"><a href=\"https://ns2020-investech.investech.com/webcam/\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/big-mt-webcam.jpg\" alt=\"\" class=\"wp-image-1669\" width=\"516\" height=\"367\"/></a></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong><a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/webcam/\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here</a></strong>&nbsp;to view our live webcam, weather and daylight permitting. If the clouds have rolled in, then you can also browse some of our favorite photos taken on nicer days.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":33.33} -->\n<div class=\"wp-block-column\" style=\"flex-basis:33.33%\"><!-- wp:heading {\"level\":3} -->\n<h3>Best sources for Investment Advice</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><em><em>\"Best Stock Market Letter: InvesTech Research, which promises \'safety-first profits,\' has bested the overall stock market over the long haul with less risk. Publisher James Stack analyzes economic, monetary and market data (some going back more than 100 years) to make market calls and recommend allocations.”</em></em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":2166,\"width\":140,\"height\":51} -->\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/kiplinger_small-1.jpg\" alt=\"\" class=\"wp-image-2166\" width=\"140\" height=\"51\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>What subscribers are saying:</h3>\n<!-- /wp:heading -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I’d like to offer a special word of praise for all the work the entire InvesTech staff of professionals does to help bring meaningful technical and fundamental insights to the attention of your subscribers. &nbsp;There is no one who can compare with what you do or the way in which you do it.</em></p><cite>P.E.P., Ph.D., Okemos, MI</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote {\"align\":\"left\"} -->\n<blockquote class=\"wp-block-quote has-text-align-left\"><p><em>You have the discipline of a seasoned technician, but you also have the insight of a brilliant theoretician. That is a very rare combination. You have made us a lot of money, but you have saved us even more.</em></p><cite>B.P., San Juan Capistrano, CA</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>You guys add sanity to more than counterbalance what you see and hear in the so-called \'business news.\' Thank you for helping me keep my family\'s financial plan on course.</em></p><cite>F.D., Baldwinsville, NY</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I have followed Jim carefully over these many years, and I am absolutely convinced that he is the \'top of the class\' of independent thinkers.</em></p><cite>C.C., Inverness, IL</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2>Traveling to Whitefish, Montana?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Our doors are open to subscribers visiting the Whitefish area provided proper social distancing guidelines are met.  We are also following Montana\'s directive to require the use of face coverings.  If you would like to visit our office, please call us at <a href=\"tel:8009558500\">800-955-8500</a> (Monday through Friday, 8:30am to 5:00pm Mountain Time) to schedule.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":740,\"width\":395,\"height\":241,\"sizeSlug\":\"large\",\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/InvesTech_Research-1024x627.png\" alt=\"\" class=\"wp-image-740\" width=\"395\" height=\"241\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>While visiting Whitefish, you may also enjoy our <a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/BestofBrochure.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Best of Whitefish</a> brochure, which was assembled by our staff and includes our favorite restaurants and activities in the area.  Please be aware some businesses may have altered their operating hours due to Covid-19 restrictions.  </p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2><strong> Keynote Address</strong> give by James Stack</h2>\n<!-- /wp:heading -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">View <em>The Five Bear Market Warning Flags That Will Save Your Portfolio</em> presented by James Stack from the MoneyShow Seattle.<br><br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:html -->\n<figure><iframe width=\"640\" height=\"360\" src=\"https://player.vimeo.com/video/347616793\" allowfullscreen=\"\"></iframe></figure>\n<!-- /wp:html --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','Home','','inherit','closed','closed','','4-revision-v1','','','2020-08-05 15:02:16','2020-08-05 15:02:16','',4,'https://ns2020-investech.investech.com/4-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2533,2,'2020-08-05 15:02:30','2020-08-05 15:02:30','<!-- wp:heading -->\n<h2>InvesTech\'s Proprietary Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"58\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/nlc/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":5} -->\n<div class=\"wp-block-column\" style=\"flex-basis:5%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"59\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/pressure-factor/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":43} -->\n<div class=\"wp-block-column\" style=\"flex-basis:43%\"><!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">For over 40 years, James Stack and the InvesTech team has been equally committed to helping investors increase profits and reduce risk through his top-rated <em><strong>InvesTech Research</strong> </em>newsletter. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Based far from Wall Street in scenic Whitefish, Montana, InvesTech offers a \"safety-first\" strategy that you simply can\'t get anywhere else. Utilizing time-proven proprietary models and objective analysis, InvesTech has proven to be remarkably accurate at predicting market risk – telling investors when to be most bullish and when to become cautious.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"id\":1194,\"width\":822,\"height\":462,\"sizeSlug\":\"full\",\"className\":\"border-radius: 10% is-style-rounded\"} -->\n<figure class=\"wp-block-image size-full is-resized border-radius: 10% is-style-rounded\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/whitefish-4.jpg\" alt=\"\" class=\"wp-image-1194\" width=\"822\" height=\"462\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:heading {\"align\":\"center\",\"className\":\"is-small-margin-h3\"} -->\n<h2 class=\"has-text-align-center is-small-margin-h3\"><strong>Over 40 Years of Proven Track Record</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:shortcode -->\n[cool-timeline layout=\"horizontal\" category=\"history\" skin=\"default\" designs=\"design-2\" show-posts=\"10\" order=\"ASC\" items=\"3\" icons=\"NO\" story-content=\"full\"  based=\"custom\" autoplay=\"false\" start-on=\"0\"]\n<!-- /wp:shortcode -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading -->\n<h2>5 Reasons to Subscribe to InvesTech Research</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"verticalAlignment\":\"top\",\"width\":66.66} -->\n<div class=\"wp-block-column is-vertically-aligned-top\" style=\"flex-basis:66.66%\"><!-- wp:paragraph {\"customTextColor\":\"#ffffff\",\"customBackgroundColor\":\"#00467f\"} -->\n<p style=\"background-color:#00467f;color:#ffffff\" class=\"has-text-color has-background\"><strong>A commitment to both safety and profits.</strong>&nbsp;&nbsp;While most investment newsletters are really little more than tip sheets, InvesTech is equally focused on spotting unique buying opportunities and protecting your money against losses.&nbsp;<em>Forbes</em>&nbsp;magazine has described the track record of our model portfolio as \"more or less impervious to declines.\"<br><br><strong>An extensive historical database of over 100 years of technical and macroeconomic data that allows stunningly accurate insights.</strong>&nbsp;&nbsp;Through this wealth of market information, we\'re able to spot trends and detect patterns that most other advisories miss.<br><br><strong>An easier understanding of technical analysis.</strong>&nbsp;&nbsp;We transform the art of technical analysis into a more exact science— readily understood by even nontechnical investors. You\'ll come away with a much greater knowledge than the average investor.<br><br><strong>Time-proven proprietary tools.</strong>&nbsp;&nbsp;Based on our unique market analysis, these tools enable us to give subscribers advance signals of once-in-a-decade buying opportunities and identify bear market \"warning flags\" so you can avoid market plunges.<br><br><strong>An independent 100% objective point of view.</strong>&nbsp;&nbsp;InvesTech sells no investment products, so we bring you an objectivity that you\'ll never find from brokers, mutual fund advisors, and even many investment newsletter editors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":36} -->\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading {\"align\":\"left\"} -->\n<h2 class=\"has-text-align-left\"><strong>InvesTech\'s Webcam of Big Mountain</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Looking north from our office in Whitefish, we have an incredible view of Big Mountain, which stands just west of Glacier National Park and is part of the Flathead National Forest.  <br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":1669,\"width\":516,\"height\":367,\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter is-resized\"><a href=\"https://ns2020-investech.investech.com/webcam/\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/big-mt-webcam.jpg\" alt=\"\" class=\"wp-image-1669\" width=\"516\" height=\"367\"/></a></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong><a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/webcam/\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here</a></strong>&nbsp;to view our live webcam, weather and daylight permitting. If the clouds have rolled in, then you can also browse some of our favorite photos taken on nicer days.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":33.33} -->\n<div class=\"wp-block-column\" style=\"flex-basis:33.33%\"><!-- wp:heading {\"level\":3} -->\n<h3>Best sources for Investment Advice</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><em><em>\"Best Stock Market Letter: InvesTech Research, which promises \'safety-first profits,\' has bested the overall stock market over the long haul with less risk. Publisher James Stack analyzes economic, monetary and market data (some going back more than 100 years) to make market calls and recommend allocations.”</em></em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":2166,\"width\":140,\"height\":51} -->\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/kiplinger_small-1.jpg\" alt=\"\" class=\"wp-image-2166\" width=\"140\" height=\"51\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>What subscribers are saying</h3>\n<!-- /wp:heading -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I’d like to offer a special word of praise for all the work the entire InvesTech staff of professionals does to help bring meaningful technical and fundamental insights to the attention of your subscribers. &nbsp;There is no one who can compare with what you do or the way in which you do it.</em></p><cite>P.E.P., Ph.D., Okemos, MI</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote {\"align\":\"left\"} -->\n<blockquote class=\"wp-block-quote has-text-align-left\"><p><em>You have the discipline of a seasoned technician, but you also have the insight of a brilliant theoretician. That is a very rare combination. You have made us a lot of money, but you have saved us even more.</em></p><cite>B.P., San Juan Capistrano, CA</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>You guys add sanity to more than counterbalance what you see and hear in the so-called \'business news.\' Thank you for helping me keep my family\'s financial plan on course.</em></p><cite>F.D., Baldwinsville, NY</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I have followed Jim carefully over these many years, and I am absolutely convinced that he is the \'top of the class\' of independent thinkers.</em></p><cite>C.C., Inverness, IL</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2>Traveling to Whitefish, Montana?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Our doors are open to subscribers visiting the Whitefish area provided proper social distancing guidelines are met.  We are also following Montana\'s directive to require the use of face coverings.  If you would like to visit our office, please call us at <a href=\"tel:8009558500\">800-955-8500</a> (Monday through Friday, 8:30am to 5:00pm Mountain Time) to schedule.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":740,\"width\":395,\"height\":241,\"sizeSlug\":\"large\",\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/InvesTech_Research-1024x627.png\" alt=\"\" class=\"wp-image-740\" width=\"395\" height=\"241\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>While visiting Whitefish, you may also enjoy our <a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/BestofBrochure.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Best of Whitefish</a> brochure, which was assembled by our staff and includes our favorite restaurants and activities in the area.  Please be aware some businesses may have altered their operating hours due to Covid-19 restrictions.  </p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2><strong> Keynote Address</strong> give by James Stack</h2>\n<!-- /wp:heading -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">View <em>The Five Bear Market Warning Flags That Will Save Your Portfolio</em> presented by James Stack from the MoneyShow Seattle.<br><br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:html -->\n<figure><iframe width=\"640\" height=\"360\" src=\"https://player.vimeo.com/video/347616793\" allowfullscreen=\"\"></iframe></figure>\n<!-- /wp:html --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','Home','','inherit','closed','closed','','4-revision-v1','','','2020-08-05 15:02:30','2020-08-05 15:02:30','',4,'https://ns2020-investech.investech.com/4-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2534,2,'2020-08-05 15:03:16','2020-08-05 15:03:16','<!-- wp:heading -->\n<h2>InvesTech\'s Proprietary Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"58\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/nlc/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":5} -->\n<div class=\"wp-block-column\" style=\"flex-basis:5%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"59\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/pressure-factor/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":43} -->\n<div class=\"wp-block-column\" style=\"flex-basis:43%\"><!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">For over 40 years, James Stack and the InvesTech team has been equally committed to helping investors increase profits and reduce risk through his top-rated <em><strong>InvesTech Research</strong> </em>newsletter. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Based far from Wall Street in scenic Whitefish, Montana, InvesTech offers a \"safety-first\" strategy that you simply can\'t get anywhere else. Utilizing time-proven proprietary models and objective analysis, InvesTech has proven to be remarkably accurate at predicting market risk – telling investors when to be most bullish and when to become cautious.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"id\":1194,\"width\":822,\"height\":462,\"sizeSlug\":\"full\",\"className\":\"border-radius: 10% is-style-rounded\"} -->\n<figure class=\"wp-block-image size-full is-resized border-radius: 10% is-style-rounded\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/whitefish-4.jpg\" alt=\"\" class=\"wp-image-1194\" width=\"822\" height=\"462\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:heading {\"align\":\"center\",\"className\":\"is-small-margin-h3\"} -->\n<h2 class=\"has-text-align-center is-small-margin-h3\"><strong>Over 40 Years of Proven Track Record</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:shortcode -->\n[cool-timeline layout=\"horizontal\" category=\"history\" skin=\"default\" designs=\"design-2\" show-posts=\"10\" order=\"ASC\" items=\"3\" icons=\"NO\" story-content=\"full\"  based=\"custom\" autoplay=\"false\" start-on=\"0\"]\n<!-- /wp:shortcode -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading -->\n<h2>5 Reasons to Subscribe to InvesTech Research</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"verticalAlignment\":\"top\",\"width\":66.66} -->\n<div class=\"wp-block-column is-vertically-aligned-top\" style=\"flex-basis:66.66%\"><!-- wp:paragraph {\"customTextColor\":\"#ffffff\",\"customBackgroundColor\":\"#00467f\"} -->\n<p style=\"background-color:#00467f;color:#ffffff\" class=\"has-text-color has-background\"><strong>A commitment to both safety and profits.</strong>&nbsp;&nbsp;While most investment newsletters are really little more than tip sheets, InvesTech is equally focused on spotting unique buying opportunities and protecting your money against losses.&nbsp;<em>Forbes</em>&nbsp;magazine has described the track record of our model portfolio as \"more or less impervious to declines.\"<br><br><strong>An extensive historical database of over 100 years of technical and macroeconomic data that allows stunningly accurate insights.</strong>&nbsp;&nbsp;Through this wealth of market information, we\'re able to spot trends and detect patterns that most other advisories miss.<br><br><strong>An easier understanding of technical analysis.</strong>&nbsp;&nbsp;We transform the art of technical analysis into a more exact science— readily understood by even nontechnical investors. You\'ll come away with a much greater knowledge than the average investor.<br><br><strong>Time-proven proprietary tools.</strong>&nbsp;&nbsp;Based on our unique market analysis, these tools enable us to give subscribers advance signals of once-in-a-decade buying opportunities and identify bear market \"warning flags\" so you can avoid market plunges.<br><br><strong>An independent 100% objective point of view.</strong>&nbsp;&nbsp;InvesTech sells no investment products, so we bring you an objectivity that you\'ll never find from brokers, mutual fund advisors, and even many investment newsletter editors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":36} -->\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading {\"align\":\"left\"} -->\n<h2 class=\"has-text-align-left\"><strong>InvesTech\'s Webcam of Big Mountain</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Looking north from our office in Whitefish, we have an incredible view of Big Mountain, which stands just west of Glacier National Park and is part of the Flathead National Forest.  <br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":1669,\"width\":516,\"height\":367,\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter is-resized\"><a href=\"https://ns2020-investech.investech.com/webcam/\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/big-mt-webcam.jpg\" alt=\"\" class=\"wp-image-1669\" width=\"516\" height=\"367\"/></a></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong><a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/webcam/\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here</a></strong>&nbsp;to view our live webcam, weather and daylight permitting. If the clouds have rolled in, then you can also browse some of our favorite photos taken on nicer days.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":33.33} -->\n<div class=\"wp-block-column\" style=\"flex-basis:33.33%\"><!-- wp:heading {\"level\":3} -->\n<h3>Best sources for Investment Advice</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><em><em>\"Best Stock Market Letter: InvesTech Research, which promises \'safety-first profits,\' has bested the overall stock market over the long haul with less risk. Publisher James Stack analyzes economic, monetary and market data (some going back more than 100 years) to make market calls and recommend allocations.”</em></em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":2166,\"width\":140,\"height\":51} -->\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/kiplinger_small-1.jpg\" alt=\"\" class=\"wp-image-2166\" width=\"140\" height=\"51\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>What subscribers are saying</h3>\n<!-- /wp:heading -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I’d like to offer a special word of praise for all the work the entire InvesTech staff of professionals does to help bring meaningful technical and fundamental insights to the attention of your subscribers. &nbsp;There is no one who can compare with what you do or the way in which you do it.</em></p><cite>P.E.P., Ph.D., Okemos, MI</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote {\"align\":\"left\"} -->\n<blockquote class=\"wp-block-quote has-text-align-left\"><p><em>You have the discipline of a seasoned technician, but you also have the insight of a brilliant theoretician. That is a very rare combination. You have made us a lot of money, but you have saved us even more.</em></p><cite>B.P., San Juan Capistrano, CA</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>You guys add sanity to more than counterbalance what you see and hear in the so-called \'business news.\' Thank you for helping me keep my family\'s financial plan on course.</em></p><cite>F.D., Baldwinsville, NY</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I have followed Jim carefully over these many years, and I am absolutely convinced that he is the \'top of the class\' of independent thinkers.</em></p><cite>C.C., Inverness, IL</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2>Traveling to Whitefish, Montana?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Our doors are open to subscribers visiting the Whitefish area provided proper social distancing guidelines are met.  We are also following Montana\'s directive to require the use of face coverings.  If you would like to visit our office, please call us at <a href=\"tel:8009558500\">800-955-8500</a> (Monday through Friday, 8:30am to 5:00pm Mountain Time) to schedule.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":740,\"width\":395,\"height\":241,\"sizeSlug\":\"large\",\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/InvesTech_Research-1024x627.png\" alt=\"\" class=\"wp-image-740\" width=\"395\" height=\"241\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>While visiting Whitefish, you may also enjoy our <a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/BestofBrochure.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Best of Whitefish</a> brochure, which was assembled by our staff and includes our favorite restaurants and activities in the area.  Please be aware some businesses may have altered their operating hours due to Covid-19 restrictions.  </p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2><strong> Keynote Address</strong> give by James Stack</h2>\n<!-- /wp:heading -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">View <em>The Five Bear Market Warning Flags That Will Save Your Portfolio</em> presented by James Stack from the MoneyShow Seattle.<br><br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:html -->\n<figure><iframe width=\"640\" height=\"360\" src=\"https://player.vimeo.com/video/347616793\" allowfullscreen=\"\"></iframe></figure>\n<!-- /wp:html --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','Home','','inherit','closed','closed','','4-revision-v1','','','2020-08-05 15:03:16','2020-08-05 15:03:16','',4,'https://ns2020-investech.investech.com/4-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2535,2,'2020-08-05 15:04:03','2020-08-05 15:04:03','<!-- wp:heading -->\n<h2>InvesTech\'s Proprietary Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"58\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/nlc/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":5} -->\n<div class=\"wp-block-column\" style=\"flex-basis:5%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:latest-posts {\"categories\":\"59\",\"postsToShow\":1,\"displayPostContent\":true,\"excerptLength\":35,\"displayFeaturedImage\":true,\"featuredImageSizeSlug\":\"large\"} /-->\n\n<!-- wp:buttons {\"align\":\"right\"} -->\n<div class=\"wp-block-buttons alignright\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/pressure-factor/\">Read More</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":43} -->\n<div class=\"wp-block-column\" style=\"flex-basis:43%\"><!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">For over 40 years, James Stack and the InvesTech team has been equally committed to helping investors increase profits and reduce risk through his top-rated <em><strong>InvesTech Research</strong> </em>newsletter. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Based far from Wall Street in scenic Whitefish, Montana, InvesTech offers a \"safety-first\" strategy that you simply can\'t get anywhere else. Utilizing time-proven proprietary models and objective analysis, InvesTech has proven to be remarkably accurate at predicting market risk – telling investors when to be most bullish and when to become cautious.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"id\":1194,\"width\":822,\"height\":462,\"sizeSlug\":\"full\",\"className\":\"border-radius: 10% is-style-rounded\"} -->\n<figure class=\"wp-block-image size-full is-resized border-radius: 10% is-style-rounded\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/whitefish-4.jpg\" alt=\"\" class=\"wp-image-1194\" width=\"822\" height=\"462\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:heading {\"align\":\"center\",\"className\":\"is-small-margin-h3\"} -->\n<h2 class=\"has-text-align-center is-small-margin-h3\"><strong>Over 40 Years of Proven Track Record</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:shortcode -->\n[cool-timeline layout=\"horizontal\" category=\"history\" skin=\"default\" designs=\"design-2\" show-posts=\"10\" order=\"ASC\" items=\"3\" icons=\"NO\" story-content=\"full\"  based=\"custom\" autoplay=\"false\" start-on=\"0\"]\n<!-- /wp:shortcode -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading -->\n<h2>5 Reasons to Subscribe to InvesTech Research</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"verticalAlignment\":\"top\",\"width\":66.66} -->\n<div class=\"wp-block-column is-vertically-aligned-top\" style=\"flex-basis:66.66%\"><!-- wp:paragraph {\"customTextColor\":\"#ffffff\",\"customBackgroundColor\":\"#00467f\"} -->\n<p style=\"background-color:#00467f;color:#ffffff\" class=\"has-text-color has-background\"><strong>A commitment to both safety and profits.</strong>&nbsp;&nbsp;While most investment newsletters are really little more than tip sheets, InvesTech is equally focused on spotting unique buying opportunities and protecting your money against losses.&nbsp;<em>Forbes</em>&nbsp;magazine has described the track record of our model portfolio as \"more or less impervious to declines.\"<br><br><strong>An extensive historical database of over 100 years of technical and macroeconomic data that allows stunningly accurate insights.</strong>&nbsp;&nbsp;Through this wealth of market information, we\'re able to spot trends and detect patterns that most other advisories miss.<br><br><strong>An easier understanding of technical analysis.</strong>&nbsp;&nbsp;We transform the art of technical analysis into a more exact science— readily understood by even nontechnical investors. You\'ll come away with a much greater knowledge than the average investor.<br><br><strong>Time-proven proprietary tools.</strong>&nbsp;&nbsp;Based on our unique market analysis, these tools enable us to give subscribers advance signals of once-in-a-decade buying opportunities and identify bear market \"warning flags\" so you can avoid market plunges.<br><br><strong>An independent 100% objective point of view.</strong>&nbsp;&nbsp;InvesTech sells no investment products, so we bring you an objectivity that you\'ll never find from brokers, mutual fund advisors, and even many investment newsletter editors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":36} -->\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading {\"align\":\"left\"} -->\n<h2 class=\"has-text-align-left\"><strong>InvesTech\'s Webcam of Big Mountain</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Looking north from our office in Whitefish, we have an incredible view of Big Mountain, which stands just west of Glacier National Park and is part of the Flathead National Forest.  <br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":1669,\"width\":516,\"height\":367,\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter is-resized\"><a href=\"https://ns2020-investech.investech.com/webcam/\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/big-mt-webcam.jpg\" alt=\"\" class=\"wp-image-1669\" width=\"516\" height=\"367\"/></a></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong><a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/webcam/\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here</a></strong>&nbsp;to view our live webcam, weather and daylight permitting. If the clouds have rolled in, then you can also browse some of our favorite photos taken on nicer days.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":33.33} -->\n<div class=\"wp-block-column\" style=\"flex-basis:33.33%\"><!-- wp:heading {\"level\":3} -->\n<h3>Best sources for Investment Advice</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><em><em>\"Best Stock Market Letter: InvesTech Research, which promises \'safety-first profits,\' has bested the overall stock market over the long haul with less risk. Publisher James Stack analyzes economic, monetary and market data (some going back more than 100 years) to make market calls and recommend allocations.”</em></em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":2166,\"width\":140,\"height\":51} -->\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/kiplinger_small-1.jpg\" alt=\"\" class=\"wp-image-2166\" width=\"140\" height=\"51\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>What subscribers are saying</h3>\n<!-- /wp:heading -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I’d like to offer a special word of praise for all the work the entire InvesTech staff of professionals does to help bring meaningful technical and fundamental insights to the attention of your subscribers. &nbsp;There is no one who can compare with what you do or the way in which you do it.</em></p><cite>P.E.P., Ph.D., Okemos, MI</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote {\"align\":\"left\"} -->\n<blockquote class=\"wp-block-quote has-text-align-left\"><p><em>You have the discipline of a seasoned technician, but you also have the insight of a brilliant theoretician. That is a very rare combination. You have made us a lot of money, but you have saved us even more.</em></p><cite>B.P., San Juan Capistrano, CA</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>You guys add sanity to more than counterbalance what you see and hear in the so-called \'business news.\' Thank you for helping me keep my family\'s financial plan on course.</em></p><cite>F.D., Baldwinsville, NY</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I have followed Jim carefully over these many years, and I am absolutely convinced that he is the \'top of the class\' of independent thinkers.</em></p><cite>C.C., Inverness, IL</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2>Traveling to Whitefish, Montana?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Our doors are open to subscribers visiting the Whitefish area provided proper social distancing guidelines are met.  We are also following Montana\'s directive to require the use of face coverings.  If you would like to visit our office, please call us at <a href=\"tel:8009558500\">800-955-8500</a> (Monday through Friday, 8:30am to 5:00pm Mountain Time) to schedule.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":740,\"width\":395,\"height\":241,\"sizeSlug\":\"large\",\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/InvesTech_Research-1024x627.png\" alt=\"\" class=\"wp-image-740\" width=\"395\" height=\"241\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>While visiting Whitefish, you may also enjoy our <a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/BestofBrochure.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Best of Whitefish</a> brochure, which was assembled by our staff and includes our favorite restaurants and activities in the area.  Please be aware some businesses may have altered their operating hours due to Covid-19 restrictions.  </p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2><strong> Keynote Address</strong> give by James Stack</h2>\n<!-- /wp:heading -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">View <em>The Five Bear Market Warning Flags That Will Save Your Portfolio</em> presented by James Stack from the MoneyShow Seattle.<br><br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:html -->\n<figure><iframe width=\"640\" height=\"360\" src=\"https://player.vimeo.com/video/347616793\" allowfullscreen=\"\"></iframe></figure>\n<!-- /wp:html --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','Home','','inherit','closed','closed','','4-revision-v1','','','2020-08-05 15:04:03','2020-08-05 15:04:03','',4,'https://ns2020-investech.investech.com/4-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2540,3,'2020-08-05 15:27:08','2020-08-05 15:27:08','<!-- wp:paragraph -->\n<p>A critical look at the unprecedented events that unfolded on Wall Street during the high-tech bubble of the late 1990s. Was it a New Era? Or was history repeating itself? What were the danger signs every investor should have known?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/BUBBLE99.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','The New Paradigm... Era -or- Bubble?','','inherit','closed','closed','','2497-revision-v1','','','2020-08-05 15:27:08','2020-08-05 15:27:08','',2497,'https://ns2020-investech.investech.com/2497-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2541,3,'2020-08-05 15:27:55','2020-08-05 15:27:55','<!-- wp:paragraph -->\n<p>Are we in a new bull market or is it a bear market rally? If it is a new bull market, will it be a cyclical bull that is destined to a short life span or fail to reach old highs? And is it too late to buy, with the market already rebounding over 25%. In this issue, we provide the historical answers to these questions... more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/InvesTech-V99I04-Indexing.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','InvesTech Research May 8, 2009','','inherit','closed','closed','','2478-revision-v1','','','2020-08-05 15:27:55','2020-08-05 15:27:55','',2478,'https://ns2020-investech.investech.com/2478-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2542,3,'2020-08-05 15:28:40','2020-08-05 15:28:40','<!-- wp:paragraph -->\n<p>Are we in a new bull market or is it a bear market rally? If it is a new bull market, will it be a cyclical bull that is destined to a short life span or fail to reach old highs? And is it too late to buy, with the market already rebounding over 25%. In this issue, we provide the historical answers to these questions... more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/V09I05.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','InvesTech Research May 8, 2009','','inherit','closed','closed','','2478-revision-v1','','','2020-08-05 15:28:40','2020-08-05 15:28:40','',2478,'https://ns2020-investech.investech.com/2478-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2543,3,'2020-08-05 15:29:39','2020-08-05 15:29:39','<!-- wp:paragraph -->\n<p>This little-known indicator has a remarkable track record of signaling the best, low-risk buying opportunities in the stock market.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/coppock.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','The Coppock Guide','','inherit','closed','closed','','2476-revision-v1','','','2020-08-05 15:29:39','2020-08-05 15:29:39','',2476,'https://ns2020-investech.investech.com/2476-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2544,3,'2020-08-05 15:30:10','2020-08-05 15:30:10','<!-- wp:paragraph -->\n<p>In this era of ultra-low interest rates, investors are inevitably drawn to investments with attractive yields, and Master Limited Partnerships (MLPs) are among the most popular income-generating investments on the market today. These appear to be safe and secure places to invest as MLPs derive their income from revenue generating properties and infrastructure, but there’s more to the story...</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/MLPs.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','Investing in MLPs: The Rest of the Story','','inherit','closed','closed','','2474-revision-v1','','','2020-08-05 15:30:10','2020-08-05 15:30:10','',2474,'https://ns2020-investech.investech.com/2474-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2545,3,'2020-08-05 15:31:09','2020-08-05 15:31:09','<!-- wp:paragraph -->\n<p>Aging bull markets are naturally predisposed to excesses -particularly in debt and leverage- and once again nontraditional loans are taking center stage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/SBLs.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','Securities-Backed Loans...  Just the Tip of the Iceberg?','','inherit','closed','closed','','2472-revision-v1','','','2020-08-05 15:31:09','2020-08-05 15:31:09','',2472,'https://ns2020-investech.investech.com/2472-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2546,3,'2020-08-05 15:32:15','2020-08-05 15:32:15','<!-- wp:paragraph -->\n<p>Aging bull markets are naturally predisposed to excesses -particularly in debt and leverage- and once again nontraditional loans are taking center stage.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/SBLs.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','SBLs...  Just the Tip of the Iceberg?','','inherit','closed','closed','','2472-revision-v1','','','2020-08-05 15:32:15','2020-08-05 15:32:15','',2472,'https://ns2020-investech.investech.com/2472-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2547,3,'2020-08-05 15:32:50','2020-08-05 15:32:50','<!-- wp:paragraph -->\n<p>Just as relevant today as in the Tech Bubble of the 1990s, this issue (originally published in March 1999) is particularly enlightening in view of today\'s infatuation with passive and index investing. Instead of falling off a cliff, these lemmings fell into the largest bear market since the 1930s!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/InvesTech-V99I04-Indexing.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','Index Funds: The Lemming Principle','','inherit','closed','closed','','2470-revision-v1','','','2020-08-05 15:32:50','2020-08-05 15:32:50','',2470,'https://ns2020-investech.investech.com/2470-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2548,3,'2020-08-05 15:33:28','2020-08-05 15:33:28','<!-- wp:paragraph -->\n<p>Why has passive investing become all the rage in recent years? Index (or passive) funds are nothing new... they\'ve been around for almost 40 years. And they\'re most popular in aging bull markets or near market peaks. As a bull market ages, investors forget the painful lessons and costly memories of previous bear markets.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/IndexingFever.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','Passing Investing: Inevitable Black Eye','','inherit','closed','closed','','2468-revision-v1','','','2020-08-05 15:33:28','2020-08-05 15:33:28','',2468,'https://ns2020-investech.investech.com/2468-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2549,3,'2020-08-05 15:35:29','2020-08-05 15:35:29','<!-- wp:paragraph -->\n<p>This little-known indicator has a remarkable track record of signaling the best, low-risk buying opportunities in the stock market.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/coppock.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','The Coppock Guide - Remarkable Track Record','','inherit','closed','closed','','2476-revision-v1','','','2020-08-05 15:35:29','2020-08-05 15:35:29','',2476,'https://ns2020-investech.investech.com/2476-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2550,3,'2020-08-05 15:35:49','2020-08-05 15:35:49','<!-- wp:paragraph -->\n<p>This little-known indicator has a remarkable track record of signaling the best, low-risk buying opportunities in the stock market.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/coppock.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','Coppock Guide - Remarkable Track Record','','inherit','closed','closed','','2476-revision-v1','','','2020-08-05 15:35:49','2020-08-05 15:35:49','',2476,'https://ns2020-investech.investech.com/2476-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2551,3,'2020-08-05 15:39:28','2020-08-05 15:39:28','<!-- wp:paragraph -->\n<p>This little-known indicator has a remarkable track record of signaling the best, low-risk buying opportunities in the stock market.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/coppock.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','The Coppock Guide - Double Tops','','inherit','closed','closed','','2476-revision-v1','','','2020-08-05 15:39:28','2020-08-05 15:39:28','',2476,'https://ns2020-investech.investech.com/2476-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2552,3,'2020-08-05 15:40:38','2020-08-05 15:40:38','<!-- wp:paragraph -->\n<p>This valuable reference manual is your step-by-step guide to using InvesTech\'s \"safety-first\" strategy. Discover specific investment strategies... how to easily use the model portfolio... secrets behind our proprietary indicators... plus much more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/Profit-Guide.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','InvesTech\'s Personal Profit Guide','','inherit','closed','closed','','2465-revision-v1','','','2020-08-05 15:40:38','2020-08-05 15:40:38','',2465,'https://ns2020-investech.investech.com/2465-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2554,3,'2020-08-05 15:50:25','2020-08-05 15:50:25','<!-- wp:paragraph -->\n<p>This valuable reference manual is your step-by-step guide to using InvesTech\'s \"safety-first\" strategy. Discover specific investment strategies... how to easily use the model portfolio... secrets behind our proprietary indicators... plus much more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/Profit-Guide.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','InvesTech\'s Personal Profit Guide','','inherit','closed','closed','','2465-revision-v1','','','2020-08-05 15:50:25','2020-08-05 15:50:25','',2465,'https://ns2020-investech.investech.com/2465-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2556,3,'2020-08-05 15:53:51','2020-08-05 15:53:51','<!-- wp:paragraph -->\n<p>With its remarkable track record, the Coppock Guide should be a key tool in any investment strategy. When used<br>with our other indicators, it can provide the discipline and patience to avoid treacherous bear market rallies and<br>wait for the best buying opportunities that occur only a couple times each decade.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/coppock.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','The Coppock Guide - Double Tops','','inherit','closed','closed','','2476-revision-v1','','','2020-08-05 15:53:51','2020-08-05 15:53:51','',2476,'https://ns2020-investech.investech.com/2476-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2557,3,'2020-08-05 15:54:20','2020-08-05 15:54:20','<!-- wp:paragraph -->\n<p>With its remarkable track record, the Coppock Guide should be a key tool in any investment strategy. When used with our other indicators, it can provide the discipline and patience to avoid treacherous bear market rallies and wait for the best buying opportunities that occur only a couple times each decade.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/coppock.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','The Coppock Guide - Double Tops','','inherit','closed','closed','','2476-revision-v1','','','2020-08-05 15:54:20','2020-08-05 15:54:20','',2476,'https://ns2020-investech.investech.com/2476-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2559,3,'2020-08-05 15:56:04','2020-08-05 15:56:04','<!-- wp:paragraph -->\n<p>Aging bull markets are naturally predisposed to excesses -particularly in debt and leverage- and once again nontraditional loans are taking center stage.  While history shows that excessive debt accumulation does not trigger a stock market peak, it can accelerate and intensify losses when the leverage starts to unwind in a bear market</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/SBLs.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','SBLs...  Just the Tip of the Iceberg?','','inherit','closed','closed','','2472-revision-v1','','','2020-08-05 15:56:04','2020-08-05 15:56:04','',2472,'https://ns2020-investech.investech.com/2472-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2560,3,'2020-08-05 15:56:20','2020-08-05 15:56:20','<!-- wp:paragraph -->\n<p>Aging bull markets are naturally predisposed to excesses -particularly in debt and leverage- and once again nontraditional loans are taking center stage.  While history shows that excessive debt accumulation does not trigger a stock market peak, it can accelerate and intensify losses when the leverage starts to unwind...</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/SBLs.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','SBLs...  Just the Tip of the Iceberg?','','inherit','closed','closed','','2472-revision-v1','','','2020-08-05 15:56:20','2020-08-05 15:56:20','',2472,'https://ns2020-investech.investech.com/2472-revision-v1/',0,'revision','',0);
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INSERT INTO `wp_posts` VALUES (2585,3,'2020-08-05 16:28:36','2020-08-05 16:28:36',' ','','','publish','closed','closed','','2585','','','2020-11-25 15:41:01','2020-11-25 15:41:01','',0,'https://ns2020-investech.investech.com/?p=2585',19,'nav_menu_item','',0);
INSERT INTO `wp_posts` VALUES (2588,2,'2020-08-05 16:35:39','2020-08-05 16:35:39','<!-- wp:image {\"id\":2402,\"sizeSlug\":\"large\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/pf.svg\" alt=\"\" class=\"wp-image-2402\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>InvesTech seeks to transform the “guesswork” of investing into a more precise strategy by utilizing a sophisticated (yet easy to understand) blending of economic, monetary, and technical analysis. At first, proprietary indicators such as our Negative Leadership Composite, Pressure Factor, A/D Divergence Index, and Bellwether Index may sound strange and unfamiliar. However, such tools have been the key to InvesTech’s safetyfirst track record. More importantly, investing in the stock market is a learning experience.Within a matter of months, most subscribers begin to feel at ease with the detailed analysis which has earned InvesTech its reputation as one of the nation’s leading advisory services.</p>\n<!-- /wp:paragraph -->','20200805 - Pressure Factor','','inherit','closed','closed','','2515-revision-v1','','','2020-08-05 16:35:39','2020-08-05 16:35:39','',2515,'https://ns2020-investech.investech.com/2515-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2589,2,'2020-08-05 16:36:13','2020-08-05 16:36:13','<!-- wp:image {\"id\":2397,\"sizeSlug\":\"large\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/nlc.svg\" alt=\"\" class=\"wp-image-2397\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>InvesTech seeks to transform the “guesswork” of investing into a more precise strategy by utilizing a sophisticated (yet easy to understand) blending of economic, monetary, and technical analysis. At first, proprietary indicators such as our Negative Leadership Composite, Pressure Factor, A/D Divergence Index, and Bellwether Index may sound strange and unfamiliar. However, such tools have been the key to InvesTech’s safety-first track record. More importantly, investing in the stock market is a learning experience.Within a matter of months, most subscribers begin to feel at ease with the detailed analysis which has earned InvesTech its reputation as one of the nation’s leading advisory services.</p>\n<!-- /wp:paragraph -->','20200803 - Negative Leadership Composite','','inherit','closed','closed','','2507-revision-v1','','','2020-08-05 16:36:13','2020-08-05 16:36:13','',2507,'https://ns2020-investech.investech.com/2507-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2590,2,'2020-08-05 16:36:24','2020-08-05 16:36:24','<!-- wp:image {\"id\":2402,\"sizeSlug\":\"large\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/pf.svg\" alt=\"\" class=\"wp-image-2402\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>InvesTech seeks to transform the “guesswork” of investing into a more precise strategy by utilizing a sophisticated (yet easy to understand) blending of economic, monetary, and technical analysis. At first, proprietary indicators such as our Negative Leadership Composite, Pressure Factor, A/D Divergence Index, and Bellwether Index may sound strange and unfamiliar. However, such tools have been the key to InvesTech’s safetyfirst track record. More importantly, investing in the stock market is a learning experience.Within a matter of months, most subscribers begin to feel at ease with the detailed analysis which has earned InvesTech its reputation as one of the nation’s leading advisory services.</p>\n<!-- /wp:paragraph -->','20200803 - Pressure Factor','','inherit','closed','closed','','2515-revision-v1','','','2020-08-05 16:36:24','2020-08-05 16:36:24','',2515,'https://ns2020-investech.investech.com/2515-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2591,3,'2020-08-05 16:48:16','2020-08-05 16:48:16','<!-- wp:spacer {\"height\":\"50px\"} -->\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":19341,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image aligncenter size-full\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2023/11/bear-bull-refer-a-friend.png\" alt=\"\" class=\"wp-image-19341\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"UAGDay\":[]} -->\n<h2 class=\"wp-block-heading\" id=\"refer-a-friend-and-save\">Refer a Friend and Save</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":\"50%\"} -->\n<div class=\"wp-block-column\" style=\"flex-basis:50%\"><!-- wp:paragraph -->\n<p>Share the July of the <em>InvesTech Research</em> newsletter with up to five friends, family members, or colleagues. If they subscribe, a $20 credit will be added to your account!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-maroon-color\"><strong>We never share email addresses and will NOT add people you refer to any email lists.</strong></mark></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:shortcode -->\n[automatewoo_referrals_page]\n<!-- /wp:shortcode --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-how-it-works\">How it works:</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"align\":\"center\",\"id\":19329,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image aligncenter size-full\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2023/11/Step-1-icon.png\" alt=\"\" class=\"wp-image-19329\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"textAlign\":\"center\",\"level\":5} -->\n<h5 class=\"wp-block-heading has-text-align-center\" id=\"h-enter-your-friend-s-email\">Enter your friend\'s email</h5>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"align\":\"center\"} -->\n<p class=\"has-text-align-center\">We NEVER share email addresses and will NOT add people you refer to any email lists, this is just to share a free issue and enter our referral program.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"align\":\"center\",\"id\":19330,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image aligncenter size-full\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2023/11/Step-2-icon.png\" alt=\"\" class=\"wp-image-19330\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"textAlign\":\"center\",\"level\":5} -->\n<h5 class=\"wp-block-heading has-text-align-center\" id=\"h-your-friend-subscribes\">Your friend subscribes</h5>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"align\":\"center\"} -->\n<p class=\"has-text-align-center\">They must subscribe using the link in the referral email, so our program knows you referred them.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"align\":\"center\",\"id\":19331,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image aligncenter size-full\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2023/11/Step-3-icon.png\" alt=\"\" class=\"wp-image-19331\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"textAlign\":\"center\",\"level\":5} -->\n<h5 class=\"wp-block-heading has-text-align-center\" id=\"h-you-get-rewarded\">You get rewarded!</h5>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph {\"align\":\"center\"} -->\n<p class=\"has-text-align-center\">A $20 credit is automatically applied to your account to count toward your next renewal. You can track this under the refer tab on the My Account Page.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->','Refer a Friend','','publish','closed','closed','','refer-a-friend','','','2023-11-08 13:29:04','2023-11-08 19:29:04','',0,'https://ns2020-investech.investech.com/?page_id=2591',0,'page','',0);
INSERT INTO `wp_posts` VALUES (16472,3,'2023-01-24 17:53:13','2023-01-24 23:53:13','<!-- wp:spacer {\"height\":\"50px\"} -->\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":\"50%\"} -->\n<div class=\"wp-block-column\" style=\"flex-basis:50%\"><!-- wp:heading -->\n<h2 id=\"refer-a-friend-and-save\">Refer a Friend and Save</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Share an issue of our <em>InvesTech Research</em> newsletter with up to five friends, family members, or associates.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Enter their email addresses below, and we will send the February newsletter on your behalf!</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"id\":6730,\"sizeSlug\":\"full\",\"linkDestination\":\"none\",\"className\":\"is-style-default\"} -->\n<figure class=\"wp-block-image size-full is-style-default\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2021/04/Refer-A-Friend.png\" alt=\"\" class=\"wp-image-6730\"/></figure>\n<!-- /wp:image --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":\"66.66%\"} -->\n<div class=\"wp-block-column\" style=\"flex-basis:66.66%\"><!-- wp:shortcode -->\n[automatewoo_referrals_page]\n<!-- /wp:shortcode --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":\"33.33%\"} -->\n<div class=\"wp-block-column\" style=\"flex-basis:33.33%\"></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','Refer a Friend','','inherit','closed','closed','','2591-revision-v1','','','2023-01-24 17:53:13','2023-01-24 23:53:13','',2591,'https://ns2020-investech.investech.com/?p=16472',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2592,3,'2020-08-05 16:48:16','2020-08-05 16:48:16','<!-- wp:gravityforms/form {\"formId\":\"2\"} /-->','Refer a Friend','','inherit','closed','closed','','2591-revision-v1','','','2020-08-05 16:48:16','2020-08-05 16:48:16','',2591,'https://ns2020-investech.investech.com/2591-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2593,2,'2020-08-05 16:49:54','2020-08-05 22:49:54','<!-- wp:group -->\n<div class=\"wp-block-group\"><!-- wp:group {\"className\":\"max-wrap-100\"} -->\n<div class=\"wp-block-group max-wrap-100\"><!-- wp:paragraph -->\n<p id=\"the-following-data-will-be-updated-each-business-day-by-2-45-pm-mountain-time-5-45-pm-eastern-time\"><strong>Daily Data <em>AND </em>our <a href=\"https://ns2020-investech.investech.com/investech-indicators/\">InvesTech Indicators</a> will be updated within 45 minutes of market close each business day.  Check back daily.</strong></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:group --></div>\n<!-- /wp:group -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"primary-market-indexes\">Primary Market Indexes</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_613e73fd1d134\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"Primary-Market-Indexes\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"secondary-market-indexes\">Secondary Market Indexes</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_613e7e6d1d135\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"Secondary-Market-Indexes\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"breadth-indicators\">Breadth Indicators</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_6142534af12bd\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"Breadth-Indicators\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\",\n        \"investech_propritary_csv_data_has_extra_first_row\": [\n            \"Yes\"\n        ],\n        \"_investech_propritary_csv_data_has_extra_first_row\": \"field_614df0af7817c\",\n        \"investech_propritary_csv_data_first_row_column_spans\": \"[3-4],[6-7]\",\n        \"_investech_propritary_csv_data_first_row_column_spans\": \"field_614df1117817d\",\n        \"investech_propritary_csv_data_character_for_cell_alignment\": \"\",\n        \"_investech_propritary_csv_data_character_for_cell_alignment\": \"field_614dffe9a40c8\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"breadth-indicators-1\">Breadth Indicators-1</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_61bd18d670864\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"Breadth-Indicators-1\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\",\n        \"investech_propritary_csv_data_has_extra_first_row\": [\n            \"Yes\"\n        ],\n        \"_investech_propritary_csv_data_has_extra_first_row\": \"field_614df0af7817c\",\n        \"investech_propritary_csv_data_first_row_column_spans\": \"[3-4],[6-7]\",\n        \"_investech_propritary_csv_data_first_row_column_spans\": \"field_614df1117817d\",\n        \"investech_propritary_csv_data_character_for_cell_alignment\": \"\",\n        \"_investech_propritary_csv_data_character_for_cell_alignment\": \"field_614dffe9a40c8\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"leadership-indicators\">Leadership Indicators</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_614275bcf12be\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"Leadership-Indicators\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\",\n        \"investech_propritary_csv_data_has_extra_first_row\": [\n            \"Yes\"\n        ],\n        \"_investech_propritary_csv_data_has_extra_first_row\": \"field_614df0af7817c\",\n        \"investech_propritary_csv_data_first_row_column_spans\": \"[5-6],[7-8]\",\n        \"_investech_propritary_csv_data_first_row_column_spans\": \"field_614df1117817d\",\n        \"investech_propritary_csv_data_character_for_cell_alignment\": \"\",\n        \"_investech_propritary_csv_data_character_for_cell_alignment\": \"field_614dffe9a40c8\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:paragraph -->\n<p>The InvesTech Negative Leadership Composite (NLC): Measures internal leadership for evidence of a new bull market - or the danger of an imminent bear market.  To read more about the <strong><em>InvesTech NLC </em></strong>and review its updated graph, visit our <a href=\"https://ns2020-investech.investech.com/investech-indicators/\">InvesTech Indicators</a>.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"monetary-trading\">Monetary Trading</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_614275e2f12c0\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"Monetary\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:group -->\n<div class=\"wp-block-group\"><!-- wp:group {\"className\":\"max-wrap-100\"} -->\n<div class=\"wp-block-group max-wrap-100\"><!-- wp:paragraph -->\n<p id=\"the-following-data-will-be-updated-each-business-day-by-2-45-pm-mountain-time-5-45-pm-eastern-time\"><strong>The following sections are updated by 5:00 PM Mountain Time (7:00 PM Eastern Time) each business day due to delayed data availability.  </strong></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:group --></div>\n<!-- /wp:group -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"investech-s-indicators\">InvesTech\'s Indicators</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_614275eff12c1\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"Investech-Indicators\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:paragraph -->\n<p>These Indicators have been developed by InvesTech Research to measure developing risk in various parts of the stock market.  Learn how to interpret these indicators <em><strong>PLUS </strong></em>monitor them daily in graph format on the <a href=\"https://ns2020-investech.investech.com/investech-indicators/\">InvesTech Indicators</a> page.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"volume-indicators\">Volume Indicators</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_614275cef12bf\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"Volume-Indicators\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\",\n        \"investech_propritary_csv_data_has_extra_first_row\": [\n            \"Yes\"\n        ],\n        \"_investech_propritary_csv_data_has_extra_first_row\": \"field_614df0af7817c\",\n        \"investech_propritary_csv_data_first_row_column_spans\": \"[3-4],[6-7]\",\n        \"_investech_propritary_csv_data_first_row_column_spans\": \"field_614df1117817d\",\n        \"investech_propritary_csv_data_character_for_cell_alignment\": \"\",\n        \"_investech_propritary_csv_data_character_for_cell_alignment\": \"field_614dffe9a40c8\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 id=\"short-term-indicators\">Short Term Indicators</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_614b853fdf8a1\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"ST-Trading\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:paragraph -->\n<p>These short-term indicators are used to forecast the near-term outlook for the market, which can be useful in improving entry/exit decisions in individual stocks or mutual funds. When at Oversold levels, a rally or upward reversal is very likely within the next few weeks. An Overbought reading indicates the market has climbed too far too fast and is likely to experience a consolidation or correction.  To read the full explanation and follow the graph (updated daily) of the <strong><em>InvesTech Research Pressure Factor</em></strong> visit our <a href=\"https://ns2020-investech.investech.com/investech-indicators/\">InvesTech Indicators</a>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p> <strong style=\"font-size: revert; color: initial;\">Pressure Factor:</strong><span style=\"font-size: revert; color: initial;\">  </span> </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Moderate Thresholds: Oversold = -30 / Overbought = +30</li><li>Extreme Thresholds: Oversold = -60 / Overbought +60</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Call/Put Ratio:</strong> </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Oversold = 0.50 or below / Overbought = 0.85 or above</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 id=\"historical-data\">Historical Data:</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>InvesTech Research is unable to provide historical data listings other than what is provided on this page.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":51} -->\n<div style=\"height:51px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->','Daily Data','','publish','closed','closed','','daily-data','','','2022-02-07 16:14:59','2022-02-07 22:14:59','',0,'https://ns2020-investech.investech.com/?page_id=2593',0,'page','',0);
INSERT INTO `wp_posts` VALUES (13741,2,'2021-11-29 16:41:54','2021-11-29 22:41:54','<!-- wp:heading -->\n<h2>About Daily Data</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The following data will be updated each business day as it becomes available from our sources.&nbsp; Some entries are preliminary and may not be finalized until the following morning.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Primary Market Indexes</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_613e73fd1d134\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"Primary-Market-Indexes\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Secondary Market Indexes</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_613e7e6d1d135\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"Secondary-Market-Indexes\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Breadth Indicators</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_6142534af12bd\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"Breadth-Indicators\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\",\n        \"investech_propritary_csv_data_has_extra_first_row\": [\n            \"Yes\"\n        ],\n        \"_investech_propritary_csv_data_has_extra_first_row\": \"field_614df0af7817c\",\n        \"investech_propritary_csv_data_first_row_column_spans\": \"[3-4],[6-7]\",\n        \"_investech_propritary_csv_data_first_row_column_spans\": \"field_614df1117817d\",\n        \"investech_propritary_csv_data_character_for_cell_alignment\": \"\",\n        \"_investech_propritary_csv_data_character_for_cell_alignment\": \"field_614dffe9a40c8\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Leadership Indicators</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_614275bcf12be\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"Leadership-Indicators\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\",\n        \"investech_propritary_csv_data_has_extra_first_row\": [\n            \"Yes\"\n        ],\n        \"_investech_propritary_csv_data_has_extra_first_row\": \"field_614df0af7817c\",\n        \"investech_propritary_csv_data_first_row_column_spans\": \"[5-6],[7-8]\",\n        \"_investech_propritary_csv_data_first_row_column_spans\": \"field_614df1117817d\",\n        \"investech_propritary_csv_data_character_for_cell_alignment\": \"\",\n        \"_investech_propritary_csv_data_character_for_cell_alignment\": \"field_614dffe9a40c8\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:paragraph -->\n<p>The InvesTech Negative Leadership Composite (NLC): Measures internal leadership for evidence of a new bull market - or the danger of an imminent bear market.  To read more about the <strong><em>InvesTech NLC </em></strong>and review its updated graph, visit our <a href=\"https://ns2020-investech.investech.com/investech-indicators/\">InvesTech Indicators</a>.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Volume Indicators</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_614275cef12bf\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"Volume-Indicators\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\",\n        \"investech_propritary_csv_data_has_extra_first_row\": [\n            \"Yes\"\n        ],\n        \"_investech_propritary_csv_data_has_extra_first_row\": \"field_614df0af7817c\",\n        \"investech_propritary_csv_data_first_row_column_spans\": \"[3-4],[6-7]\",\n        \"_investech_propritary_csv_data_first_row_column_spans\": \"field_614df1117817d\",\n        \"investech_propritary_csv_data_character_for_cell_alignment\": \"\",\n        \"_investech_propritary_csv_data_character_for_cell_alignment\": \"field_614dffe9a40c8\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Monetary Trading</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_614275e2f12c0\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"Monetary\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>InvesTech\'s Indicators</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_614275eff12c1\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"Investech-Indicators\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:paragraph -->\n<p>These Indicators have been developed by InvesTech Research to measure developing risk in various parts of the stock market.  Learn how to interpret these indicators <em><strong>PLUS </strong></em>monitor them daily in graph format on the <a href=\"https://ns2020-investech.investech.com/investech-indicators/\">InvesTech Indicators</a> page.&nbsp;</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Short Term Indicators</h3>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-private-csv-table {\n    \"id\": \"block_614b853fdf8a1\",\n    \"name\": \"acf\\/subscriber-private-csv-table\",\n    \"data\": {\n        \"investech_propritary_csv_file_name\": \"ST-Trading\",\n        \"_investech_propritary_csv_file_name\": \"field_613e635add191\"\n    },\n    \"align\": \"\",\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:paragraph -->\n<p>These short-term indicators are used to forecast the near-term outlook for the market, which can be useful in improving entry/exit decisions in individual stocks or mutual funds. When at Oversold levels, a rally or upward reversal is very likely within the next few weeks. An Overbought reading indicates the market has climbed too far too fast and is likely to experience a consolidation or correction.  To read the full explanation and follow the graph (updated daily) of the <strong><em>InvesTech Research Pressure Factor</em></strong> visit our <a href=\"https://ns2020-investech.investech.com/investech-indicators/\">InvesTech Indicators</a>.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p> <strong style=\"font-size: revert; color: initial;\">Pressure Factor:</strong><span style=\"font-size: revert; color: initial;\">  </span> </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Moderate Thresholds: Oversold = -30 / Overbought = +30</li><li>Extreme Thresholds: Oversold = -60 / Overbought +60</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong>Call/Put Ratio:</strong> </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Oversold = 0.50 or below / Overbought = 0.85 or above</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4>Historical Data:</h4>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>InvesTech Research is unable to provide historical data listings other than what is provided on this page.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":51} -->\n<div style=\"height:51px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->','Daily Data','','inherit','closed','closed','','2593-revision-v1','','','2021-11-29 16:41:54','2021-11-29 22:41:54','',2593,'https://ns2020-investech.investech.com/?p=13741',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2594,3,'2020-08-05 16:49:05','2020-08-05 16:49:05','<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\" id=\"h-the-goldilocks-outlook\">The Goldilocks Outlook</h2>\n<!-- /wp:heading -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\" id=\"h-what-needs-to-go-right-and-what-could-go-wrong\">What needs to go right... and what could go wrong...</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Eager anticipation of rate cuts from the Federal Reserve and a potential economic soft landing have consumers and investors hopeful. While we watch for continued evidence of this Goldilocks scenario, we also monitor the challenges and unprecedented risks that are still present in today’s market. In this issue, we explore the possibility of Fed success and lay out prerequisite criteria for increasing our invested position.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"id\":20022,\"width\":\"309px\",\"height\":\"auto\",\"sizeSlug\":\"full\",\"linkDestination\":\"none\",\"align\":\"center\"} -->\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2024/07/V24I02-thumbnail.png\" alt=\"\" class=\"wp-image-20022\" style=\"width:309px;height:auto\"/></figure>\n<!-- /wp:image --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p>To receive this issue of the <em>InvesTech Research</em> newsletter FREE, complete the following information. We will email you a link to read the issue immediately; and additionally, you may request a physical copy be sent by U.S. mail.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:gravityforms/form {\"formId\":\"23\",\"inputPrimaryColor\":\"#204ce5\"} /-->','Free Sample','','publish','closed','closed','','free-sample','','','2024-07-09 13:39:32','2024-07-09 19:39:32','',0,'https://ns2020-investech.investech.com/?page_id=2594',0,'page','',0);
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INSERT INTO `wp_posts` VALUES (2598,3,'2020-08-05 16:50:53','2020-08-05 16:50:53','<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":63.3} -->\n<div class=\"wp-block-column\" style=\"flex-basis:63.3%\"><!-- wp:list {\"className\":\"is-style-yellow-checkbox\"} -->\n<ul class=\"is-style-yellow-checkbox\"><li>Commitment to both safety and profits</li><li>Easy to understand technical analysis</li><li>Time-proven proprietary indicators</li><li>Independent and objective point of view</li><li>Over 100 years of stock market and financial data</li></ul>\n<!-- /wp:list -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button {\"className\":\"is-style-maroon\"} -->\n<div class=\"wp-block-button is-style-maroon\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/subscribe/\" rel=\"\">Subscribe</a></div>\n<!-- /wp:button -->\n\n<!-- wp:button {\"className\":\"is-style-maroon\"} -->\n<div class=\"wp-block-button is-style-maroon\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/free-sample\" target=\"_blank\" rel=\"noreferrer noopener\">Free Sample</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons --></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:block/login-block /--></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','Home Page Header','','inherit','closed','closed','','729-revision-v1','','','2020-08-05 16:50:53','2020-08-05 16:50:53','',729,'https://ns2020-investech.investech.com/729-revision-v1/',0,'revision','',0);
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INSERT INTO `wp_posts` VALUES (2606,2,'2020-08-05 16:59:33','2020-08-05 16:59:33','<!-- wp:heading -->\n<h2>Market Indexes</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":1979,\"route\":\"renderChart\"} /-->\n\n<!-- wp:heading -->\n<h2>Breadth/Volume Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":1986,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Leadership Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":1998,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Short-Term &amp; Miscellaneous Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":2004,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Weekly Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":2013,\"lazy\":-1,\"route\":\"chartSelect\"} /-->','Daily Data','','inherit','closed','closed','','2593-revision-v1','','','2020-08-05 16:59:33','2020-08-05 16:59:33','',2593,'https://ns2020-investech.investech.com/2593-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2607,2,'2020-08-05 17:02:39','2020-08-05 17:02:39','<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2>Market Indexes</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:paragraph -->\n<p>Measures some stuff....</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:visualizer/chart {\"id\":1979,\"route\":\"renderChart\"} /-->\n\n<!-- wp:heading -->\n<h2>Breadth/Volume Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":1986,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Leadership Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":1998,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Short-Term &amp; Miscellaneous Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":2004,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Weekly Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":2013,\"lazy\":-1,\"route\":\"chartSelect\"} /-->','Daily Data','','inherit','closed','closed','','2593-revision-v1','','','2020-08-05 17:02:39','2020-08-05 17:02:39','',2593,'https://ns2020-investech.investech.com/2593-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2608,2,'2020-08-05 17:02:46','2020-08-05 17:02:46','<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2>Market Indexes</h2>\n<!-- /wp:heading --></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:paragraph -->\n<p>Measures some stuff....</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:visualizer/chart {\"id\":1979,\"route\":\"renderChart\"} /-->\n\n<!-- wp:heading -->\n<h2>Breadth/Volume Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":1986,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Leadership Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":1998,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Short-Term &amp; Miscellaneous Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":2004,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Weekly Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":2013,\"lazy\":-1,\"route\":\"chartSelect\"} /-->','Daily Data','','inherit','closed','closed','','2593-revision-v1','','','2020-08-05 17:02:46','2020-08-05 17:02:46','',2593,'https://ns2020-investech.investech.com/2593-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2610,2,'2020-08-05 17:08:27','2020-08-05 17:08:27','<!-- wp:heading -->\n<h2>Market Indexes</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":1979,\"route\":\"renderChart\"} /-->\n\n<!-- wp:heading -->\n<h2>Breadth/Volume Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Measures market \"breadth\" or participation. Deteriorating breadth is one of the earliest and most reliable of bear market warning flags. Trend is most important.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":1986,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Leadership Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":1998,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Short-Term &amp; Miscellaneous Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":2004,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Weekly Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":2013,\"lazy\":-1,\"route\":\"chartSelect\"} /-->','Daily Data','','inherit','closed','closed','','2593-revision-v1','','','2020-08-05 17:08:27','2020-08-05 17:08:27','',2593,'https://ns2020-investech.investech.com/2593-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2611,2,'2020-08-05 17:10:24','2020-08-05 17:10:24','<!-- wp:heading -->\n<h2>Market Indexes</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":1979,\"route\":\"renderChart\"} /-->\n\n<!-- wp:heading -->\n<h2>Breadth/Volume Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Measures market \"breadth\" or participation. Deteriorating breadth is one of the earliest and most reliable of bear market warning flags. Trend is most important.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":1986,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Leadership Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Negative Leadership Composite: Measures internal leadership for evidence of a new bull market - or the danger of an imminent bear market.<br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A bullish Selling Vacuum indicates the absence of bear market (downside) leadership. Always present at the early stage of a new bull market, but can drop to 0 in a maturing bull market. (Range: 0 to +100)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A bearish Distribution reveals that bear market leadership is present and/or rapidly increasing. (Range: 0 to -100)<br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leadership Indexes: Measures relative leadership strength for the NYSE and NASDAQ. Readings above +50 are usually very bullish for the 3-4 week outlook; readings below -50 are bearish. (Range -100 to +100)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":1998,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Short-Term &amp; Miscellaneous Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":2004,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Weekly Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":2013,\"lazy\":-1,\"route\":\"chartSelect\"} /-->','Daily Data','','inherit','closed','closed','','2593-revision-v1','','','2020-08-05 17:10:24','2020-08-05 17:10:24','',2593,'https://ns2020-investech.investech.com/2593-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2612,2,'2020-08-05 17:12:13','2020-08-05 17:12:13','<!-- wp:heading -->\n<h2>Market Indexes</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":1979,\"route\":\"renderChart\"} /-->\n\n<!-- wp:heading -->\n<h2>Breadth/Volume Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Measures market \"breadth\" or participation. Deteriorating breadth is one of the earliest and most reliable of bear market warning flags. Trend is most important.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":1986,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Leadership Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Negative Leadership Composite: Measures internal leadership for evidence of a new bull market - or the danger of an imminent bear market.<br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A bullish Selling Vacuum indicates the absence of bear market (downside) leadership. Always present at the early stage of a new bull market, but can drop to 0 in a maturing bull market. (Range: 0 to +100)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A bearish Distribution reveals that bear market leadership is present and/or rapidly increasing. (Range: 0 to -100)<br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leadership Indexes: Measures relative leadership strength for the NYSE and NASDAQ. Readings above +50 are usually very bullish for the 3-4 week outlook; readings below -50 are bearish. (Range -100 to +100)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":1998,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Short-Term &amp; Miscellaneous Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Used to forecast the short-term outlook for the market, which can be useful in improving entry/exit decisions in individual stocks or mutual funds. When at Oversold levels, a rally or upward reversal is very likely within the next few weeks. An Overbought reading indicates the market has climbed too far too fast and is likely to experience a consolidation or correction.<br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Pressure Factor: Oversold = -30 or below / Overbought = +30 or above<br>Call/Put Ratio: Oversold = -50 or below / Overbought = +50 or above</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":2004,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Weekly Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":2013,\"lazy\":-1,\"route\":\"chartSelect\"} /-->','Daily Data','','inherit','closed','closed','','2593-revision-v1','','','2020-08-05 17:12:13','2020-08-05 17:12:13','',2593,'https://ns2020-investech.investech.com/2593-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2613,2,'2020-08-05 17:13:05','2020-08-05 17:13:05','<!-- wp:heading -->\n<h2>Market Indexes</h2>\n<!-- /wp:heading -->\n\n<!-- wp:visualizer/chart {\"id\":1979,\"route\":\"renderChart\"} /-->\n\n<!-- wp:heading -->\n<h2>Breadth/Volume Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Measures market \"breadth\" or participation. Deteriorating breadth is one of the earliest and most reliable of bear market warning flags. Trend is most important.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":1986,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Leadership Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Negative Leadership Composite: Measures internal leadership for evidence of a new bull market - or the danger of an imminent bear market.<br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A bullish Selling Vacuum indicates the absence of bear market (downside) leadership. Always present at the early stage of a new bull market, but can drop to 0 in a maturing bull market. (Range: 0 to +100)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A bearish Distribution reveals that bear market leadership is present and/or rapidly increasing. (Range: 0 to -100)<br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leadership Indexes: Measures relative leadership strength for the NYSE and NASDAQ. Readings above +50 are usually very bullish for the 3-4 week outlook; readings below -50 are bearish. (Range -100 to +100)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":1998,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Short-Term &amp; Miscellaneous Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Used to forecast the short-term outlook for the market, which can be useful in improving entry/exit decisions in individual stocks or mutual funds. When at Oversold levels, a rally or upward reversal is very likely within the next few weeks. An Overbought reading indicates the market has climbed too far too fast and is likely to experience a consolidation or correction.<br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Pressure Factor: Oversold = -30 or below / Overbought = +30 or above<br>Call/Put Ratio: Oversold = -50 or below / Overbought = +50 or above</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":2004,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Weekly Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Measures the monetary climate. Most bear markets begin with unfavorable or hostile monetary conditions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":2013,\"lazy\":-1,\"route\":\"chartSelect\"} /-->','Daily Data','','inherit','closed','closed','','2593-revision-v1','','','2020-08-05 17:13:05','2020-08-05 17:13:05','',2593,'https://ns2020-investech.investech.com/2593-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2615,2,'2020-08-05 17:15:18','2020-08-05 17:15:18','<!-- wp:heading -->\n<h2>Market Indexes</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A market index is a hypothetical portfolio of investment holdings that represents a segment of the financial market. The calculation of the index value comes from the prices of the underlying holdings. Some indexes have values based on market-cap weighting, revenue-weighting, float-weighting, and fundamental-weighting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":1979,\"route\":\"renderChart\"} /-->\n\n<!-- wp:heading -->\n<h2>Breadth/Volume Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Measures market \"breadth\" or participation. Deteriorating breadth is one of the earliest and most reliable of bear market warning flags. Trend is most important.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":1986,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Leadership Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Negative Leadership Composite: Measures internal leadership for evidence of a new bull market - or the danger of an imminent bear market.<br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A bullish Selling Vacuum indicates the absence of bear market (downside) leadership. Always present at the early stage of a new bull market, but can drop to 0 in a maturing bull market. (Range: 0 to +100)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A bearish Distribution reveals that bear market leadership is present and/or rapidly increasing. (Range: 0 to -100)<br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leadership Indexes: Measures relative leadership strength for the NYSE and NASDAQ. Readings above +50 are usually very bullish for the 3-4 week outlook; readings below -50 are bearish. (Range -100 to +100)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":1998,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Short-Term &amp; Miscellaneous Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Used to forecast the short-term outlook for the market, which can be useful in improving entry/exit decisions in individual stocks or mutual funds. When at Oversold levels, a rally or upward reversal is very likely within the next few weeks. An Overbought reading indicates the market has climbed too far too fast and is likely to experience a consolidation or correction.<br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Pressure Factor: Oversold = -30 or below / Overbought = +30 or above<br>Call/Put Ratio: Oversold = -50 or below / Overbought = +50 or above</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":2004,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Weekly Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Measures the monetary climate. Most bear markets begin with unfavorable or hostile monetary conditions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":2013,\"lazy\":-1,\"route\":\"chartSelect\"} /-->','Daily Data','','inherit','closed','closed','','2593-revision-v1','','','2020-08-05 17:15:18','2020-08-05 17:15:18','',2593,'https://ns2020-investech.investech.com/2593-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2616,2,'2020-08-05 17:20:56','2020-08-05 17:20:56','<!-- wp:heading -->\n<h2>Market Indexes</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A market index is a hypothetical portfolio of investment holdings that represents a segment of the financial market. The calculation of the index value comes from the prices of the underlying holdings. Some indexes have values based on market-cap weighting, revenue-weighting, float-weighting, and fundamental-weighting.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":1979,\"route\":\"renderChart\"} /-->\n\n<!-- wp:heading -->\n<h2>Breadth/Volume Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Measures market \"breadth\" or participation. Deteriorating breadth is one of the earliest and most reliable of bear market warning flags. Trend is most important.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":1986,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Leadership Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Negative Leadership Composite: Measures internal leadership for evidence of a new bull market - or the danger of an imminent bear market.<br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A bullish Selling Vacuum indicates the absence of bear market (downside) leadership. Always present at the early stage of a new bull market, but can drop to 0 in a maturing bull market. (Range: 0 to +100)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>A bearish Distribution reveals that bear market leadership is present and/or rapidly increasing. (Range: 0 to -100)<br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Leadership Indexes: Measures relative leadership strength for the NYSE and NASDAQ. Readings above +50 are usually very bullish for the 3-4 week outlook; readings below -50 are bearish. (Range -100 to +100)</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":1998,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Short-Term &amp; Miscellaneous Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Used to forecast the short-term outlook for the market, which can be useful in improving entry/exit decisions in individual stocks or mutual funds. When at Oversold levels, a rally or upward reversal is very likely within the next few weeks. An Overbought reading indicates the market has climbed too far too fast and is likely to experience a consolidation or correction.<br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Pressure Factor: Oversold = -30 or below / Overbought = +30 or above<br>Call/Put Ratio: Oversold = -50 or below / Overbought = +50 or above</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":2004,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:heading -->\n<h2>Weekly Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Measures the monetary climate. Most bear markets begin with unfavorable or hostile monetary conditions.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:visualizer/chart {\"id\":2013,\"lazy\":-1,\"route\":\"chartSelect\"} /-->\n\n<!-- wp:spacer {\"height\":25} -->\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->','Daily Data','','inherit','closed','closed','','2593-revision-v1','','','2020-08-05 17:20:56','2020-08-05 17:20:56','',2593,'https://ns2020-investech.investech.com/2593-revision-v1/',0,'revision','',0);
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INSERT INTO `wp_posts` VALUES (2633,2,'2020-08-05 17:54:38','2020-08-05 17:54:38','<!-- wp:image {\"id\":2402,\"sizeSlug\":\"large\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/pf.svg\" alt=\"\" class=\"wp-image-2402\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>InvesTech seeks to transform the “guesswork” of investing into a more precise strategy by utilizing a sophisticated (yet easy to understand) blending of economic, monetary, and technical analysis. At first, proprietary indicators such as our Negative Leadership Composite, Pressure Factor, A/D Divergence Index, and Bellwether Index may sound strange and unfamiliar. However, such tools have been the key to InvesTech’s safetyfirst track record. More importantly, investing in the stock market is a learning experience.Within a matter of months, most subscribers begin to feel at ease with the detailed analysis which has earned InvesTech its reputation as one of the nation’s leading advisory services.</p>\n<!-- /wp:paragraph -->','20200803 - Pressure Factor','','inherit','closed','closed','','2515-revision-v1','','','2020-08-05 17:54:38','2020-08-05 17:54:38','',2515,'https://ns2020-investech.investech.com/2515-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2636,2,'2020-08-05 17:55:13','2020-08-05 17:55:13','<!-- wp:image {\"id\":2402,\"sizeSlug\":\"large\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/pf.svg\" alt=\"\" class=\"wp-image-2402\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>InvesTech seeks to transform the “guesswork” of investing into a more precise strategy by utilizing a sophisticated (yet easy to understand) blending of economic, monetary, and technical analysis. At first, proprietary indicators such as our Negative Leadership Composite, Pressure Factor, A/D Divergence Index, and Bellwether Index may sound strange and unfamiliar. However, such tools have been the key to InvesTech’s safetyfirst track record. More importantly, investing in the stock market is a learning experience.Within a matter of months, most subscribers begin to feel at ease with the detailed analysis which has earned InvesTech its reputation as one of the nation’s leading advisory services.</p>\n<!-- /wp:paragraph -->','20200803 - Pressure Factor','','inherit','closed','closed','','2515-revision-v1','','','2020-08-05 17:55:13','2020-08-05 17:55:13','',2515,'https://ns2020-investech.investech.com/2515-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2639,2,'2020-08-05 17:55:28','2020-08-05 17:55:28','<!-- wp:image {\"id\":2402,\"sizeSlug\":\"large\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/pf.svg\" alt=\"\" class=\"wp-image-2402\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>InvesTech seeks to transform the “guesswork” of investing into a more precise strategy by utilizing a sophisticated (yet easy to understand) blending of economic, monetary, and technical analysis. At first, proprietary indicators such as our Negative Leadership Composite, Pressure Factor, A/D Divergence Index, and Bellwether Index may sound strange and unfamiliar. However, such tools have been the key to InvesTech’s safetyfirst track record. More importantly, investing in the stock market is a learning experience.Within a matter of months, most subscribers begin to feel at ease with the detailed analysis which has earned InvesTech its reputation as one of the nation’s leading advisory services.</p>\n<!-- /wp:paragraph -->','20200803 - Pressure Factor','','inherit','closed','closed','','2515-revision-v1','','','2020-08-05 17:55:28','2020-08-05 17:55:28','',2515,'https://ns2020-investech.investech.com/2515-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2642,2,'2020-08-05 18:02:21','2020-08-05 18:02:21','<!-- wp:image {\"id\":2397,\"sizeSlug\":\"large\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/nlc.svg\" alt=\"\" class=\"wp-image-2397\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>InvesTech seeks to transform the “guesswork” of investing into a more precise strategy by utilizing a sophisticated (yet easy to understand) blending of economic, monetary, and technical analysis. At first, proprietary indicators such as our Negative Leadership Composite, Pressure Factor, A/D Divergence Index, and Bellwether Index may sound strange and unfamiliar. However, such tools have been the key to InvesTech’s safety-first track record. More importantly, investing in the stock market is a learning experience.Within a matter of months, most subscribers begin to feel at ease with the detailed analysis which has earned InvesTech its reputation as one of the nation’s leading advisory services.</p>\n<!-- /wp:paragraph -->','20200803 - Negative Leadership Composite','','inherit','closed','closed','','2507-revision-v1','','','2020-08-05 18:02:21','2020-08-05 18:02:21','',2507,'https://ns2020-investech.investech.com/2507-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2648,2,'2020-08-05 19:24:15','2020-08-05 19:24:15','<!-- wp:paragraph -->\n<p>Aging bull markets are naturally predisposed to excesses -particularly in debt and leverage- and once again nontraditional loans are taking center stage.  While history shows that excessive debt accumulation does not trigger a stock market peak, it can accelerate and intensify losses when the leverage starts to unwind...</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/SBLs.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->','SBLs','','inherit','closed','closed','','2472-revision-v1','','','2020-08-05 19:24:15','2020-08-05 19:24:15','',2472,'https://ns2020-investech.investech.com/2472-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2651,2,'2020-08-05 19:36:51','2020-08-05 19:36:51','<!-- wp:paragraph -->\n<p>With a safety-first investment strategy, an inverse index fund can serve as an effective, low cost insurance offering an efficient way to offset rising market risk and reduce portfolio volatility.</p>\n<!-- /wp:paragraph -->','The \"Bare Necessities\" About Bear Funds','','inherit','closed','closed','','2457-revision-v1','','','2020-08-05 19:36:51','2020-08-05 19:36:51','',2457,'https://ns2020-investech.investech.com/2457-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2652,2,'2020-08-05 19:37:10','2020-08-05 19:37:10','<!-- wp:paragraph -->\n<p>Why has passive investing become all the rage in recent years? Index (or passive) funds are nothing new... they\'ve been around for almost 40 years. And they\'re most popular in aging bull markets or near market peaks. As a bull market ages, investors forget the painful lessons and costly memories of previous bear markets.</p>\n<!-- /wp:paragraph -->','Passing Investing: Inevitable Black Eye','','inherit','closed','closed','','2468-revision-v1','','','2020-08-05 19:37:10','2020-08-05 19:37:10','',2468,'https://ns2020-investech.investech.com/2468-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2653,2,'2020-08-05 19:37:35','2020-08-05 19:37:35','<!-- wp:paragraph -->\n<p>Just as relevant today as in the Tech Bubble of the 1990s, this issue (originally published in March 1999) is particularly enlightening in view of today\'s infatuation with passive and index investing. Instead of falling off a cliff, these lemmings fell into the largest bear market since the 1930s!</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"></div>\n<!-- /wp:buttons -->','Index Funds: The Lemming Principle','','inherit','closed','closed','','2470-revision-v1','','','2020-08-05 19:37:35','2020-08-05 19:37:35','',2470,'https://ns2020-investech.investech.com/2470-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2654,2,'2020-08-05 19:37:59','2020-08-05 19:37:59','<!-- wp:paragraph -->\n<p>Aging bull markets are naturally predisposed to excesses -particularly in debt and leverage- and once again nontraditional loans are taking center stage.  While history shows that excessive debt accumulation does not trigger a stock market peak, it can accelerate and intensify losses when the leverage starts to unwind...</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"></div>\n<!-- /wp:buttons -->','SBLs','','inherit','closed','closed','','2472-revision-v1','','','2020-08-05 19:37:59','2020-08-05 19:37:59','',2472,'https://ns2020-investech.investech.com/2472-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2655,2,'2020-08-05 19:38:15','2020-08-05 19:38:15','<!-- wp:paragraph -->\n<p>In this era of ultra-low interest rates, investors are inevitably drawn to investments with attractive yields, and Master Limited Partnerships (MLPs) are among the most popular income-generating investments on the market today. These appear to be safe and secure places to invest as MLPs derive their income from revenue generating properties and infrastructure, but there’s more to the story...</p>\n<!-- /wp:paragraph -->','Investing in MLPs: The Rest of the Story','','inherit','closed','closed','','2474-revision-v1','','','2020-08-05 19:38:15','2020-08-05 19:38:15','',2474,'https://ns2020-investech.investech.com/2474-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2656,2,'2020-08-05 19:39:33','2020-08-05 19:39:33','<!-- wp:paragraph -->\n<p>With its remarkable track record, the Coppock Guide should be a key tool in any investment strategy. When used with our other indicators, it can provide the discipline and patience to avoid treacherous bear market rallies and wait for the best buying opportunities that occur only a couple times each decade.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','The Coppock Guide - Double Tops','','inherit','closed','closed','','2476-revision-v1','','','2020-08-05 19:39:33','2020-08-05 19:39:33','',2476,'https://ns2020-investech.investech.com/2476-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2657,2,'2020-08-05 19:39:46','2020-08-05 19:39:46','<!-- wp:paragraph -->\n<p>Are we in a new bull market or is it a bear market rally? If it is a new bull market, will it be a cyclical bull that is destined to a short life span or fail to reach old highs? And is it too late to buy, with the market already rebounding over 25%. In this issue, we provide the historical answers to these questions... more.</p>\n<!-- /wp:paragraph -->','InvesTech Research May 8, 2009','','inherit','closed','closed','','2478-revision-v1','','','2020-08-05 19:39:46','2020-08-05 19:39:46','',2478,'https://ns2020-investech.investech.com/2478-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2660,2,'2020-08-05 19:40:30','2020-08-05 19:40:30','<!-- wp:paragraph -->\n<p>A critical look at the unprecedented events that unfolded on Wall Street during the high-tech bubble of the late 1990s. Was it a New Era? Or was history repeating itself? What were the danger signs every investor should have known?</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"></div>\n<!-- /wp:buttons -->','The New Paradigm... Era -or- Bubble?','','inherit','closed','closed','','2497-revision-v1','','','2020-08-05 19:40:30','2020-08-05 19:40:30','',2497,'https://ns2020-investech.investech.com/2497-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2662,2,'2020-08-05 19:43:22','2020-08-05 19:43:22','<!-- wp:paragraph -->\n<p>Aging bull markets are naturally predisposed to excesses -particularly in debt and leverage- and once again nontraditional loans are taking center stage.  While history shows that excessive debt accumulation does not trigger a stock market peak, it can accelerate and intensify losses when the leverage starts to unwind...</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','SBLs','','inherit','closed','closed','','2472-revision-v1','','','2020-08-05 19:43:22','2020-08-05 19:43:22','',2472,'https://ns2020-investech.investech.com/2472-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2666,2,'2020-08-05 19:49:23','2020-08-05 19:49:23','<!-- wp:image {\"id\":2402,\"sizeSlug\":\"large\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/pf.svg\" alt=\"\" class=\"wp-image-2402\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>InvesTech seeks to transform the “guesswork” of investing into a more precise strategy by utilizing a sophisticated (yet easy to understand) blending of economic, monetary, and technical analysis. At first, proprietary indicators such as our Negative Leadership Composite, Pressure Factor, A/D Divergence Index, and Bellwether Index may sound strange and unfamiliar. However, such tools have been the key to InvesTech’s safetyfirst track record. More importantly, investing in the stock market is a learning experience.Within a matter of months, most subscribers begin to feel at ease with the detailed analysis which has earned InvesTech its reputation as one of the nation’s leading advisory services.</p>\n<!-- /wp:paragraph -->','20200803 - Pressure Factor','','inherit','closed','closed','','2515-revision-v1','','','2020-08-05 19:49:23','2020-08-05 19:49:23','',2515,'https://ns2020-investech.investech.com/2515-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2669,1,'2020-08-05 20:04:36','2020-08-05 20:04:36','a:10:{s:4:\"type\";s:4:\"file\";s:12:\"instructions\";s:0:\"\";s:8:\"required\";i:0;s:17:\"conditional_logic\";i:0;s:7:\"wrapper\";a:3:{s:5:\"width\";s:0:\"\";s:5:\"class\";s:0:\"\";s:2:\"id\";s:0:\"\";}s:13:\"return_format\";s:5:\"array\";s:7:\"library\";s:3:\"all\";s:8:\"min_size\";s:0:\"\";s:8:\"max_size\";s:0:\"\";s:10:\"mime_types\";s:3:\"pdf\";}','PDF File','related_pdf_file','publish','closed','closed','','field_5f2b108325059','','','2020-08-05 20:41:54','2020-08-05 20:41:54','',2575,'https://ns2020-investech.investech.com/?post_type=acf-field&#038;p=2669',2,'acf-field','',0);
INSERT INTO `wp_posts` VALUES (2670,2,'2020-08-05 20:20:49','2020-08-05 20:20:49','<!-- wp:heading -->\n<h2>InvesTech\'s Proprietary Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-content-teaser {\n    \"id\": \"block_5f2b148c429ca\",\n    \"name\": \"acf\\/subscriber-content-teaser\",\n    \"data\": {\n        \"post_to_show\": \"\",\n        \"_post_to_show\": \"field_5f2aeab7381f9\",\n        \"post_type_to_show\": \"investech-indicators\",\n        \"_post_type_to_show\": \"field_5f2aec3f2eccd\",\n        \"number_to_show\": \"2\",\n        \"_number_to_show\": \"field_5f2aec6a2ecce\"\n    },\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":43} -->\n<div class=\"wp-block-column\" style=\"flex-basis:43%\"><!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">For over 40 years, James Stack and the InvesTech team has been equally committed to helping investors increase profits and reduce risk through his top-rated <em><strong>InvesTech Research</strong> </em>newsletter. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Based far from Wall Street in scenic Whitefish, Montana, InvesTech offers a \"safety-first\" strategy that you simply can\'t get anywhere else. Utilizing time-proven proprietary models and objective analysis, InvesTech has proven to be remarkably accurate at predicting market risk – telling investors when to be most bullish and when to become cautious.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"id\":1194,\"width\":822,\"height\":462,\"sizeSlug\":\"full\",\"className\":\"border-radius: 10% is-style-rounded\"} -->\n<figure class=\"wp-block-image size-full is-resized border-radius: 10% is-style-rounded\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/whitefish-4.jpg\" alt=\"\" class=\"wp-image-1194\" width=\"822\" height=\"462\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:heading {\"align\":\"center\",\"className\":\"is-small-margin-h3\"} -->\n<h2 class=\"has-text-align-center is-small-margin-h3\"><strong>Over 40 Years of Proven Track Record</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:shortcode -->\n[cool-timeline layout=\"horizontal\" category=\"history\" skin=\"default\" designs=\"design-2\" show-posts=\"10\" order=\"ASC\" items=\"3\" icons=\"NO\" story-content=\"full\"  based=\"custom\" autoplay=\"false\" start-on=\"0\"]\n<!-- /wp:shortcode -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading -->\n<h2>5 Reasons to Subscribe to InvesTech Research</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"verticalAlignment\":\"top\",\"width\":66.66} -->\n<div class=\"wp-block-column is-vertically-aligned-top\" style=\"flex-basis:66.66%\"><!-- wp:paragraph {\"customTextColor\":\"#ffffff\",\"customBackgroundColor\":\"#00467f\"} -->\n<p style=\"background-color:#00467f;color:#ffffff\" class=\"has-text-color has-background\"><strong>A commitment to both safety and profits.</strong>&nbsp;&nbsp;While most investment newsletters are really little more than tip sheets, InvesTech is equally focused on spotting unique buying opportunities and protecting your money against losses.&nbsp;<em>Forbes</em>&nbsp;magazine has described the track record of our model portfolio as \"more or less impervious to declines.\"<br><br><strong>An extensive historical database of over 100 years of technical and macroeconomic data that allows stunningly accurate insights.</strong>&nbsp;&nbsp;Through this wealth of market information, we\'re able to spot trends and detect patterns that most other advisories miss.<br><br><strong>An easier understanding of technical analysis.</strong>&nbsp;&nbsp;We transform the art of technical analysis into a more exact science— readily understood by even nontechnical investors. You\'ll come away with a much greater knowledge than the average investor.<br><br><strong>Time-proven proprietary tools.</strong>&nbsp;&nbsp;Based on our unique market analysis, these tools enable us to give subscribers advance signals of once-in-a-decade buying opportunities and identify bear market \"warning flags\" so you can avoid market plunges.<br><br><strong>An independent 100% objective point of view.</strong>&nbsp;&nbsp;InvesTech sells no investment products, so we bring you an objectivity that you\'ll never find from brokers, mutual fund advisors, and even many investment newsletter editors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":36} -->\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading {\"align\":\"left\"} -->\n<h2 class=\"has-text-align-left\"><strong>InvesTech\'s Webcam of Big Mountain</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Looking north from our office in Whitefish, we have an incredible view of Big Mountain, which stands just west of Glacier National Park and is part of the Flathead National Forest.  <br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":1669,\"width\":516,\"height\":367,\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter is-resized\"><a href=\"https://ns2020-investech.investech.com/webcam/\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/big-mt-webcam.jpg\" alt=\"\" class=\"wp-image-1669\" width=\"516\" height=\"367\"/></a></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong><a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/webcam/\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here</a></strong>&nbsp;to view our live webcam, weather and daylight permitting. If the clouds have rolled in, then you can also browse some of our favorite photos taken on nicer days.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":33.33} -->\n<div class=\"wp-block-column\" style=\"flex-basis:33.33%\"><!-- wp:heading {\"level\":3} -->\n<h3>Best sources for Investment Advice</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><em><em>\"Best Stock Market Letter: InvesTech Research, which promises \'safety-first profits,\' has bested the overall stock market over the long haul with less risk. Publisher James Stack analyzes economic, monetary and market data (some going back more than 100 years) to make market calls and recommend allocations.”</em></em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":2166,\"width\":140,\"height\":51} -->\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/kiplinger_small-1.jpg\" alt=\"\" class=\"wp-image-2166\" width=\"140\" height=\"51\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>What subscribers are saying</h3>\n<!-- /wp:heading -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I’d like to offer a special word of praise for all the work the entire InvesTech staff of professionals does to help bring meaningful technical and fundamental insights to the attention of your subscribers. &nbsp;There is no one who can compare with what you do or the way in which you do it.</em></p><cite>P.E.P., Ph.D., Okemos, MI</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote {\"align\":\"left\"} -->\n<blockquote class=\"wp-block-quote has-text-align-left\"><p><em>You have the discipline of a seasoned technician, but you also have the insight of a brilliant theoretician. That is a very rare combination. You have made us a lot of money, but you have saved us even more.</em></p><cite>B.P., San Juan Capistrano, CA</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>You guys add sanity to more than counterbalance what you see and hear in the so-called \'business news.\' Thank you for helping me keep my family\'s financial plan on course.</em></p><cite>F.D., Baldwinsville, NY</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I have followed Jim carefully over these many years, and I am absolutely convinced that he is the \'top of the class\' of independent thinkers.</em></p><cite>C.C., Inverness, IL</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2>Traveling to Whitefish, Montana?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Our doors are open to subscribers visiting the Whitefish area provided proper social distancing guidelines are met.  We are also following Montana\'s directive to require the use of face coverings.  If you would like to visit our office, please call us at <a href=\"tel:8009558500\">800-955-8500</a> (Monday through Friday, 8:30am to 5:00pm Mountain Time) to schedule.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":740,\"width\":395,\"height\":241,\"sizeSlug\":\"large\",\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/InvesTech_Research-1024x627.png\" alt=\"\" class=\"wp-image-740\" width=\"395\" height=\"241\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>While visiting Whitefish, you may also enjoy our <a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/BestofBrochure.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Best of Whitefish</a> brochure, which was assembled by our staff and includes our favorite restaurants and activities in the area.  Please be aware some businesses may have altered their operating hours due to Covid-19 restrictions.  </p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2><strong> Keynote Address</strong> give by James Stack</h2>\n<!-- /wp:heading -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">View <em>The Five Bear Market Warning Flags That Will Save Your Portfolio</em> presented by James Stack from the MoneyShow Seattle.<br><br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:html -->\n<figure><iframe width=\"640\" height=\"360\" src=\"https://player.vimeo.com/video/347616793\" allowfullscreen=\"\"></iframe></figure>\n<!-- /wp:html --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','Home','','inherit','closed','closed','','4-revision-v1','','','2020-08-05 20:20:49','2020-08-05 20:20:49','',4,'https://ns2020-investech.investech.com/4-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2671,2,'2020-08-05 20:20:51','2020-08-05 20:20:51','<!-- wp:heading -->\n<h2>InvesTech\'s Proprietary Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-content-teaser {\n    \"id\": \"block_5f2b148c429ca\",\n    \"name\": \"acf\\/subscriber-content-teaser\",\n    \"data\": {\n        \"post_to_show\": \"\",\n        \"_post_to_show\": \"field_5f2aeab7381f9\",\n        \"post_type_to_show\": \"investech-indicators\",\n        \"_post_type_to_show\": \"field_5f2aec3f2eccd\",\n        \"number_to_show\": \"2\",\n        \"_number_to_show\": \"field_5f2aec6a2ecce\"\n    },\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":43} -->\n<div class=\"wp-block-column\" style=\"flex-basis:43%\"><!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">For over 40 years, James Stack and the InvesTech team has been equally committed to helping investors increase profits and reduce risk through his top-rated <em><strong>InvesTech Research</strong> </em>newsletter. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Based far from Wall Street in scenic Whitefish, Montana, InvesTech offers a \"safety-first\" strategy that you simply can\'t get anywhere else. Utilizing time-proven proprietary models and objective analysis, InvesTech has proven to be remarkably accurate at predicting market risk – telling investors when to be most bullish and when to become cautious.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"id\":1194,\"width\":822,\"height\":462,\"sizeSlug\":\"full\",\"className\":\"border-radius: 10% is-style-rounded\"} -->\n<figure class=\"wp-block-image size-full is-resized border-radius: 10% is-style-rounded\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/whitefish-4.jpg\" alt=\"\" class=\"wp-image-1194\" width=\"822\" height=\"462\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:heading {\"align\":\"center\",\"className\":\"is-small-margin-h3\"} -->\n<h2 class=\"has-text-align-center is-small-margin-h3\"><strong>Over 40 Years of Proven Track Record</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:shortcode -->\n[cool-timeline layout=\"horizontal\" category=\"history\" skin=\"default\" designs=\"design-2\" show-posts=\"10\" order=\"ASC\" items=\"3\" icons=\"NO\" story-content=\"full\"  based=\"custom\" autoplay=\"false\" start-on=\"0\"]\n<!-- /wp:shortcode -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading -->\n<h2>5 Reasons to Subscribe to InvesTech Research</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"verticalAlignment\":\"top\",\"width\":66.66} -->\n<div class=\"wp-block-column is-vertically-aligned-top\" style=\"flex-basis:66.66%\"><!-- wp:paragraph {\"customTextColor\":\"#ffffff\",\"customBackgroundColor\":\"#00467f\"} -->\n<p style=\"background-color:#00467f;color:#ffffff\" class=\"has-text-color has-background\"><strong>A commitment to both safety and profits.</strong>&nbsp;&nbsp;While most investment newsletters are really little more than tip sheets, InvesTech is equally focused on spotting unique buying opportunities and protecting your money against losses.&nbsp;<em>Forbes</em>&nbsp;magazine has described the track record of our model portfolio as \"more or less impervious to declines.\"<br><br><strong>An extensive historical database of over 100 years of technical and macroeconomic data that allows stunningly accurate insights.</strong>&nbsp;&nbsp;Through this wealth of market information, we\'re able to spot trends and detect patterns that most other advisories miss.<br><br><strong>An easier understanding of technical analysis.</strong>&nbsp;&nbsp;We transform the art of technical analysis into a more exact science— readily understood by even nontechnical investors. You\'ll come away with a much greater knowledge than the average investor.<br><br><strong>Time-proven proprietary tools.</strong>&nbsp;&nbsp;Based on our unique market analysis, these tools enable us to give subscribers advance signals of once-in-a-decade buying opportunities and identify bear market \"warning flags\" so you can avoid market plunges.<br><br><strong>An independent 100% objective point of view.</strong>&nbsp;&nbsp;InvesTech sells no investment products, so we bring you an objectivity that you\'ll never find from brokers, mutual fund advisors, and even many investment newsletter editors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":36} -->\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading {\"align\":\"left\"} -->\n<h2 class=\"has-text-align-left\"><strong>InvesTech\'s Webcam of Big Mountain</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Looking north from our office in Whitefish, we have an incredible view of Big Mountain, which stands just west of Glacier National Park and is part of the Flathead National Forest.  <br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":1669,\"width\":516,\"height\":367,\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter is-resized\"><a href=\"https://ns2020-investech.investech.com/webcam/\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/big-mt-webcam.jpg\" alt=\"\" class=\"wp-image-1669\" width=\"516\" height=\"367\"/></a></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong><a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/webcam/\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here</a></strong>&nbsp;to view our live webcam, weather and daylight permitting. If the clouds have rolled in, then you can also browse some of our favorite photos taken on nicer days.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":33.33} -->\n<div class=\"wp-block-column\" style=\"flex-basis:33.33%\"><!-- wp:heading {\"level\":3} -->\n<h3>Best sources for Investment Advice</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><em><em>\"Best Stock Market Letter: InvesTech Research, which promises \'safety-first profits,\' has bested the overall stock market over the long haul with less risk. Publisher James Stack analyzes economic, monetary and market data (some going back more than 100 years) to make market calls and recommend allocations.”</em></em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":2166,\"width\":140,\"height\":51} -->\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/kiplinger_small-1.jpg\" alt=\"\" class=\"wp-image-2166\" width=\"140\" height=\"51\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>What subscribers are saying</h3>\n<!-- /wp:heading -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I’d like to offer a special word of praise for all the work the entire InvesTech staff of professionals does to help bring meaningful technical and fundamental insights to the attention of your subscribers. &nbsp;There is no one who can compare with what you do or the way in which you do it.</em></p><cite>P.E.P., Ph.D., Okemos, MI</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote {\"align\":\"left\"} -->\n<blockquote class=\"wp-block-quote has-text-align-left\"><p><em>You have the discipline of a seasoned technician, but you also have the insight of a brilliant theoretician. That is a very rare combination. You have made us a lot of money, but you have saved us even more.</em></p><cite>B.P., San Juan Capistrano, CA</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>You guys add sanity to more than counterbalance what you see and hear in the so-called \'business news.\' Thank you for helping me keep my family\'s financial plan on course.</em></p><cite>F.D., Baldwinsville, NY</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I have followed Jim carefully over these many years, and I am absolutely convinced that he is the \'top of the class\' of independent thinkers.</em></p><cite>C.C., Inverness, IL</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2>Traveling to Whitefish, Montana?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Our doors are open to subscribers visiting the Whitefish area provided proper social distancing guidelines are met.  We are also following Montana\'s directive to require the use of face coverings.  If you would like to visit our office, please call us at <a href=\"tel:8009558500\">800-955-8500</a> (Monday through Friday, 8:30am to 5:00pm Mountain Time) to schedule.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":740,\"width\":395,\"height\":241,\"sizeSlug\":\"large\",\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/InvesTech_Research-1024x627.png\" alt=\"\" class=\"wp-image-740\" width=\"395\" height=\"241\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>While visiting Whitefish, you may also enjoy our <a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/BestofBrochure.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Best of Whitefish</a> brochure, which was assembled by our staff and includes our favorite restaurants and activities in the area.  Please be aware some businesses may have altered their operating hours due to Covid-19 restrictions.  </p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2><strong> Keynote Address</strong> give by James Stack</h2>\n<!-- /wp:heading -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">View <em>The Five Bear Market Warning Flags That Will Save Your Portfolio</em> presented by James Stack from the MoneyShow Seattle.<br><br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:html -->\n<figure><iframe width=\"640\" height=\"360\" src=\"https://player.vimeo.com/video/347616793\" allowfullscreen=\"\"></iframe></figure>\n<!-- /wp:html --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','Home','','inherit','closed','closed','','4-revision-v1','','','2020-08-05 20:20:51','2020-08-05 20:20:51','',4,'https://ns2020-investech.investech.com/4-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2672,2,'2020-08-05 20:23:33','2020-08-05 20:23:33','<!-- wp:image {\"id\":2402,\"sizeSlug\":\"large\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/pf.svg\" alt=\"\" class=\"wp-image-2402\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>InvesTech seeks to transform the “guesswork” of investing into a more precise strategy by utilizing a sophisticated (yet easy to understand) blending of economic, monetary, and technical analysis. At first, proprietary indicators such as our Negative Leadership Composite, Pressure Factor, A/D Divergence Index, and Bellwether Index may sound strange and unfamiliar. However, such tools have been the key to InvesTech’s safetyfirst track record. More importantly, investing in the stock market is a learning experience.Within a matter of months, most subscribers begin to feel at ease with the detailed analysis which has earned InvesTech its reputation as one of the nation’s leading advisory services.</p>\n<!-- /wp:paragraph -->','20200803 - Pressure Factor','','inherit','closed','closed','','2515-revision-v1','','','2020-08-05 20:23:33','2020-08-05 20:23:33','',2515,'https://ns2020-investech.investech.com/2515-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2674,2,'2020-08-05 20:23:42','2020-08-05 20:23:42','<!-- wp:heading -->\n<h2>InvesTech\'s Proprietary Indicators</h2>\n<!-- /wp:heading -->\n\n<!-- wp:acf/subscriber-content-teaser {\n    \"id\": \"block_5f2b148c429ca\",\n    \"name\": \"acf\\/subscriber-content-teaser\",\n    \"data\": {\n        \"post_to_show\": \"\",\n        \"_post_to_show\": \"field_5f2aeab7381f9\",\n        \"post_type_to_show\": \"investech-indicators\",\n        \"_post_type_to_show\": \"field_5f2aec3f2eccd\",\n        \"number_to_show\": \"2\",\n        \"_number_to_show\": \"field_5f2aec6a2ecce\"\n    },\n    \"mode\": \"preview\"\n} /-->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"width\":43} -->\n<div class=\"wp-block-column\" style=\"flex-basis:43%\"><!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">For over 40 years, James Stack and the InvesTech team has been equally committed to helping investors increase profits and reduce risk through his top-rated <em><strong>InvesTech Research</strong> </em>newsletter. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Based far from Wall Street in scenic Whitefish, Montana, InvesTech offers a \"safety-first\" strategy that you simply can\'t get anywhere else. Utilizing time-proven proprietary models and objective analysis, InvesTech has proven to be remarkably accurate at predicting market risk – telling investors when to be most bullish and when to become cautious.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:image {\"id\":1194,\"width\":822,\"height\":462,\"sizeSlug\":\"full\",\"className\":\"border-radius: 10% is-style-rounded\"} -->\n<figure class=\"wp-block-image size-full is-resized border-radius: 10% is-style-rounded\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/whitefish-4.jpg\" alt=\"\" class=\"wp-image-1194\" width=\"822\" height=\"462\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:heading {\"align\":\"center\",\"className\":\"is-small-margin-h3\"} -->\n<h2 class=\"has-text-align-center is-small-margin-h3\"><strong>Over 40 Years of Proven Track Record</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:shortcode -->\n[cool-timeline layout=\"horizontal\" category=\"history\" skin=\"default\" designs=\"design-2\" show-posts=\"10\" order=\"ASC\" items=\"3\" icons=\"NO\" story-content=\"full\"  based=\"custom\" autoplay=\"false\" start-on=\"0\"]\n<!-- /wp:shortcode -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading -->\n<h2>5 Reasons to Subscribe to InvesTech Research</h2>\n<!-- /wp:heading -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column {\"verticalAlignment\":\"top\",\"width\":66.66} -->\n<div class=\"wp-block-column is-vertically-aligned-top\" style=\"flex-basis:66.66%\"><!-- wp:paragraph {\"customTextColor\":\"#ffffff\",\"customBackgroundColor\":\"#00467f\"} -->\n<p style=\"background-color:#00467f;color:#ffffff\" class=\"has-text-color has-background\"><strong>A commitment to both safety and profits.</strong>&nbsp;&nbsp;While most investment newsletters are really little more than tip sheets, InvesTech is equally focused on spotting unique buying opportunities and protecting your money against losses.&nbsp;<em>Forbes</em>&nbsp;magazine has described the track record of our model portfolio as \"more or less impervious to declines.\"<br><br><strong>An extensive historical database of over 100 years of technical and macroeconomic data that allows stunningly accurate insights.</strong>&nbsp;&nbsp;Through this wealth of market information, we\'re able to spot trends and detect patterns that most other advisories miss.<br><br><strong>An easier understanding of technical analysis.</strong>&nbsp;&nbsp;We transform the art of technical analysis into a more exact science— readily understood by even nontechnical investors. You\'ll come away with a much greater knowledge than the average investor.<br><br><strong>Time-proven proprietary tools.</strong>&nbsp;&nbsp;Based on our unique market analysis, these tools enable us to give subscribers advance signals of once-in-a-decade buying opportunities and identify bear market \"warning flags\" so you can avoid market plunges.<br><br><strong>An independent 100% objective point of view.</strong>&nbsp;&nbsp;InvesTech sells no investment products, so we bring you an objectivity that you\'ll never find from brokers, mutual fund advisors, and even many investment newsletter editors.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:spacer {\"height\":36} -->\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:heading {\"align\":\"left\"} -->\n<h2 class=\"has-text-align-left\"><strong>InvesTech\'s Webcam of Big Mountain</strong></h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Looking north from our office in Whitefish, we have an incredible view of Big Mountain, which stands just west of Glacier National Park and is part of the Flathead National Forest.  <br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":1669,\"width\":516,\"height\":367,\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter is-resized\"><a href=\"https://ns2020-investech.investech.com/webcam/\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/big-mt-webcam.jpg\" alt=\"\" class=\"wp-image-1669\" width=\"516\" height=\"367\"/></a></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p><strong><a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/webcam/\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here</a></strong>&nbsp;to view our live webcam, weather and daylight permitting. If the clouds have rolled in, then you can also browse some of our favorite photos taken on nicer days.</p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":33.33} -->\n<div class=\"wp-block-column\" style=\"flex-basis:33.33%\"><!-- wp:heading {\"level\":3} -->\n<h3>Best sources for Investment Advice</h3>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p><em><em>\"Best Stock Market Letter: InvesTech Research, which promises \'safety-first profits,\' has bested the overall stock market over the long haul with less risk. Publisher James Stack analyzes economic, monetary and market data (some going back more than 100 years) to make market calls and recommend allocations.”</em></em></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"right\",\"id\":2166,\"width\":140,\"height\":51} -->\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/kiplinger_small-1.jpg\" alt=\"\" class=\"wp-image-2166\" width=\"140\" height=\"51\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>What subscribers are saying</h3>\n<!-- /wp:heading -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I’d like to offer a special word of praise for all the work the entire InvesTech staff of professionals does to help bring meaningful technical and fundamental insights to the attention of your subscribers. &nbsp;There is no one who can compare with what you do or the way in which you do it.</em></p><cite>P.E.P., Ph.D., Okemos, MI</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote {\"align\":\"left\"} -->\n<blockquote class=\"wp-block-quote has-text-align-left\"><p><em>You have the discipline of a seasoned technician, but you also have the insight of a brilliant theoretician. That is a very rare combination. You have made us a lot of money, but you have saved us even more.</em></p><cite>B.P., San Juan Capistrano, CA</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>You guys add sanity to more than counterbalance what you see and hear in the so-called \'business news.\' Thank you for helping me keep my family\'s financial plan on course.</em></p><cite>F.D., Baldwinsville, NY</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><p><em>I have followed Jim carefully over these many years, and I am absolutely convinced that he is the \'top of the class\' of independent thinkers.</em></p><cite>C.C., Inverness, IL</cite></blockquote>\n<!-- /wp:quote -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"/>\n<!-- /wp:separator -->\n\n<!-- wp:columns -->\n<div class=\"wp-block-columns\"><!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2>Traveling to Whitefish, Montana?</h2>\n<!-- /wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Our doors are open to subscribers visiting the Whitefish area provided proper social distancing guidelines are met.  We are also following Montana\'s directive to require the use of face coverings.  If you would like to visit our office, please call us at <a href=\"tel:8009558500\">800-955-8500</a> (Monday through Friday, 8:30am to 5:00pm Mountain Time) to schedule.  </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":740,\"width\":395,\"height\":241,\"sizeSlug\":\"large\",\"className\":\"is-style-rounded\"} -->\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/06/InvesTech_Research-1024x627.png\" alt=\"\" class=\"wp-image-740\" width=\"395\" height=\"241\"/></figure></div>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>While visiting Whitefish, you may also enjoy our <a aria-label=\"undefined (opens in a new tab)\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/07/BestofBrochure.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Best of Whitefish</a> brochure, which was assembled by our staff and includes our favorite restaurants and activities in the area.  Please be aware some businesses may have altered their operating hours due to Covid-19 restrictions.  </p>\n<!-- /wp:paragraph --></div>\n<!-- /wp:column -->\n\n<!-- wp:column {\"width\":1} -->\n<div class=\"wp-block-column\" style=\"flex-basis:1%\"></div>\n<!-- /wp:column -->\n\n<!-- wp:column -->\n<div class=\"wp-block-column\"><!-- wp:heading -->\n<h2><strong> Keynote Address</strong> give by James Stack</h2>\n<!-- /wp:heading -->\n\n<!-- wp:spacer {\"height\":20} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n<!-- /wp:spacer -->\n\n<!-- wp:paragraph {\"align\":\"left\"} -->\n<p class=\"has-text-align-left\">View <em>The Five Bear Market Warning Flags That Will Save Your Portfolio</em> presented by James Stack from the MoneyShow Seattle.<br><br></p>\n<!-- /wp:paragraph -->\n\n<!-- wp:html -->\n<figure><iframe width=\"640\" height=\"360\" src=\"https://player.vimeo.com/video/347616793\" allowfullscreen=\"\"></iframe></figure>\n<!-- /wp:html --></div>\n<!-- /wp:column --></div>\n<!-- /wp:columns -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','Home','','inherit','closed','closed','','4-revision-v1','','','2020-08-05 20:23:42','2020-08-05 20:23:42','',4,'https://ns2020-investech.investech.com/4-revision-v1/',0,'revision','',0);
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INSERT INTO `wp_posts` VALUES (2682,2,'2020-08-05 20:27:36','2020-08-05 20:27:36','<!-- wp:image {\"id\":2402,\"sizeSlug\":\"large\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/pf.svg\" alt=\"\" class=\"wp-image-2402\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>InvesTech seeks to transform the “guesswork” of investing into a more precise strategy by utilizing a sophisticated (yet easy to understand) blending of economic, monetary, and technical analysis. At first, proprietary indicators such as our Negative Leadership Composite, Pressure Factor, A/D Divergence Index, and Bellwether Index may sound strange and unfamiliar. However, such tools have been the key to InvesTech’s safetyfirst track record. More importantly, investing in the stock market is a learning experience.Within a matter of months, most subscribers begin to feel at ease with the detailed analysis which has earned InvesTech its reputation as one of the nation’s leading advisory services.</p>\n<!-- /wp:paragraph -->','20200803 - Pressure Factor','','inherit','closed','closed','','2515-revision-v1','','','2020-08-05 20:27:36','2020-08-05 20:27:36','',2515,'https://ns2020-investech.investech.com/2515-revision-v1/',0,'revision','',0);
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INSERT INTO `wp_posts` VALUES (2687,2,'2020-08-05 20:51:18','2020-08-05 20:51:18','<!-- wp:image {\"id\":2402,\"sizeSlug\":\"large\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/pf.svg\" alt=\"\" class=\"wp-image-2402\"/></figure>\n<!-- /wp:image -->\n\n<!-- wp:paragraph -->\n<p>InvesTech seeks to transform the “guesswork” of investing into a more precise strategy by utilizing a sophisticated (yet easy to understand) blending of economic, monetary, and technical analysis. At first, proprietary indicators such as our Negative Leadership Composite, Pressure Factor, A/D Divergence Index, and Bellwether Index may sound strange and unfamiliar. However, such tools have been the key to InvesTech’s safetyfirst track record. More importantly, investing in the stock market is a learning experience.Within a matter of months, most subscribers begin to feel at ease with the detailed analysis which has earned InvesTech its reputation as one of the nation’s leading advisory services.</p>\n<!-- /wp:paragraph -->','20200803 - Pressure Factor','','inherit','closed','closed','','2515-revision-v1','','','2020-08-05 20:51:18','2020-08-05 20:51:18','',2515,'https://ns2020-investech.investech.com/2515-revision-v1/',0,'revision','',0);
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INSERT INTO `wp_posts` VALUES (2690,2,'2020-08-05 20:53:29','2020-08-05 20:53:29','<!-- wp:paragraph -->\n<p>This valuable reference manual is your step-by-step guide to using InvesTech\'s \"safety-first\" strategy. Discover specific investment strategies... how to easily use the model portfolio... secrets behind our proprietary indicators... plus much more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https://ns2020-investech.investech.com/wp-content/uploads/2020/08/Profit-Guide.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read</a></div>\n<!-- /wp:button --></div>\n<!-- /wp:buttons -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','InvesTech\'s Personal Profit Guide','','inherit','closed','closed','','2465-revision-v1','','','2020-08-05 20:53:29','2020-08-05 20:53:29','',2465,'https://ns2020-investech.investech.com/2465-revision-v1/',0,'revision','',0);
INSERT INTO `wp_posts` VALUES (2691,2,'2020-08-05 21:12:23','2020-08-05 21:12:23','<!-- wp:paragraph -->\n<p>This valuable reference manual is your step-by-step guide to using InvesTech\'s \"safety-first\" strategy. Discover specific investment strategies... how to easily use the model portfolio... secrets behind our proprietary indicators... plus much more.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"></div>\n<!-- /wp:buttons -->\n\n<!-- wp:paragraph -->\n<p></p>\n<!-- /wp:paragraph -->','InvesTech\'s Personal Profit Guide','','inherit','closed','closed','','2465-revision-v1','','','2020-08-05 21:12:23','2020-08-05 21:12:23','',2465,'https://ns2020-investech.investech.com/2465-revision-v1/',0,'revision','',0);
