REPEAT FROM SEPTEMBER 29
Both the bond and stock markets continue to act irrationally. This can occur for short time periods and frustrates many investors. Markets can either advance or decline during these times. Consider this analysis provided by Barron’s Online pertaining to last week:
“Part of the newfound bullishness derived from Thursday’s release of dovish minutes from the latest Federal Open Market Committee meeting, which investors interpreted as meaning that the likelihood of a December interest-rate hike is receding. It’s hard to believe that only two weeks ago, the market was unnerved by the same thinking.”
FOR THE TIME BEING, WE RECOMMEND YOU KEEP AN EYE ON THE “HEAT MAP” (BELOW) WHICH SERVES AS AN EXCELLENT TOOL TO KEEP THINGS IN PERSPECTIVE OVER A LONGER PERIOD.