Subscribe
Let’s start from the end of this commentary and work forward. The bottom line is that there is enough conflicting economic data that is offsetting the positive corporate data as well as the contrary high bearish sentiment to KEEP THE STOCK MARKET MOVING IN A CHOPPY PATTERN. THAT SAID, WE BELIEVE THAT WE ARE NEARING THE END OF THIS DOWNWARD MOVE, A MOVE THAT WILL MOST LIKELY BE COMPLETED BY MID-OCTOBER AT THE LATEST.
In addition to the above, the housing market remains weak as does the labor market. However, the Fed continues extremely accomodative and most likely willing to continue to be so for the foreseeable future. Add to this a bull market in bonds that began in 1982 and is perhaps in the final couple innings of a once in a lifetime move and one can see how investors remain uncertain as to where to put their hard earned savings.
Our opinion is to make a list of dividend paying stocks and similar equity funds that you like as well as some growth companies as well as some intermediate term bond funds and look for opportunities over the next few weeks to add to your portfolio on weakness.