Hey everybody, welcome to the compound. We are thrilled to have a long time friend of ours.

Jeff Sout has been in the markets for just about half a century. He spent the last 21 years

at Raymond James as their chief market strategist, welcome to the compound.

That's always a pleasure to see you.

I don't buy stocks just because they break out of a spread triple top.

My dad taught me, you know, look at the fundamentals and then use the charts to time it.

He used to say words and music son, words and music.

Which I think is what you're known for on the street yeah

your marriage of fundamentals and technicals is exactly right okay so I

when I was one of the directors of research I used to when we did reviews on

analysts and they would poo-poo technical analysis I said

what do 95% of the portfolio managers do when you start telling them a fundamental story?

They pull up the price chart because that's the world they live in where they can be

measured to the second decimal point every morning.

So let's talk a little bit about those technicals.

How do you approach looking at broad markets? How do you look at

individual sectors and how do you look at stocks? I continue to think we're in a

secular bull market. Secular bull markets last 15 to 20 years, the 1949 to 1966, the 1982 to 2000.

The problem is, as my friend Ron Barron, Barron Capital, said,

Jeff, there's not many of us old enough to remember or have seen

a secular bull market.

You know, are there pullbacks?

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