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Brian Kelly



About Brian

Brian Kelly has enjoyed a long career in newsletter publishing and has maintained involvement with MoneyLetter continuously since 1984. He has been a member of the MoneyLetter Investment Committee for over 30 years. As vice president and product manager for IBC/Donoghue Inc., and IBC USA (Publications) Inc., Mr. Kelly was responsible for all aspects of the MoneyLetter group of products including planning, marketing, fulfillment, customer service, and public relations.

Brian's Articles

US stocks took a bit of a breather earlier this week as traders evaluated opportunities after an approximate first half gain of 15% in the S&P 500. New inflation numbers due soon are also containing activity. For domestic stock funds, I have one new “Buy” this week: The SPDR Portfolio S&P 500 Growth ETF (SPYG), explains Brian Kelly, editor of Money Letter.
Back in March, I posited: “With a bump up in inflation, early signs of economic weakness – and with the markets at all-time highs – we have a recipe for volatility.” As it turns out, April and May gave us just that. But the good news is, the S&P 500’s 5% decline in early April has been recovered, and the fundamental elements for further gains are still intact. I like the Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) here, says Brian Kelly, editor of Money Letter.
US markets finished mixed on Wednesday after the benchmark S&P 500 declined 1.6% on Tuesday. The indices reversed course late in the afternoon after the Dow was up more than 500 points. Yesterday’s action coincided with Fed Day, with the Open Market Committee deciding – as expected – to leave the fed funds rate unchanged. Fidelity Magellan (FMAGX) is a domestic stock fund I like, says Brian Kelly, editor of Money Letter.
The S&P 500 once again faded in the afternoon and declined for the fourth consecutive session on Wednesday. Tech names pressured prices, and higher interest rates were certainly a big factor. But I still like funds such as Hennessy Cornerstone Mid Cap 30 Investor (HFMDX), writes Brian Kelly, editor of Money Letter.