The bull market of 2017 pushed right into January this year, driving all markets higher across the board. The pace of the market at that time was not sustainable and we began selling off in late February, early March. The US market then stabilized, built a base and proceeded to reach all time highs. The growth in the US market was well received, however fixed income investments (bonds) and international markets still faced pressure as concerns over Fed fighting a tariff war with China and slowing global economy became more evident. These negative influences left many investors wondering why portfolios were not responding as well as the US market. Diversification was not working in most peoples favor.
Then in October markets began a very substantial sell off triggering concerns of another global melt down. We don’t believe this is the case and feel that the recent sell off is more of a panic attack which is not a sign of more to come.
In the attached report, Thoughts on the Market – October Uncertainty Spooks Investors, our team of strategists and economists share their thoughts on the current environment.
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