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Market participants heard from members of the Federal Reserve this week. Their intention is clear: bringing down inflation will take precedenc…
Last week, I warned readers to expect the stock market to bounce. It did, retracing 50 percent of the market’s decline in just about four days. I also warned that investors should not get comfortable with this bounce because after the bounce markets should go south once again. That prediction seems to be playing out.
I have been expecting a shallow pullback in the markets for the past two weeks. Instead, stocks have just climbed higher and higher. They are extended, but history says they can get even more so. As such, I am not holding my breath, or waiting around for it. Whatever pullback does occur should be bought.
Thanks to the government’s vaccination and booster efforts, the markets may be turning the corner, which could usher in a further spurt of growth in the economy.
We are halfway through October, and the markets are already shaking off their worries. Let’s keep our fingers crossed.
It was another tumultuous week in the markets. Volatility spiked as events in Washington and around the world injected an atmosphere of cautio…
The market won’t go up unabated forever, but it’s not crazy to expect growth over long-term periods.