Last week investors were complaining that things were too quiet and volatility was almost non-existent. Well, be careful what you wish for, it may just bite you. Yesterday was a wake-up call for complacent investors as Wall Street decided that all of the Washington drama might delay the long awaited pro-growth policies. Today investors are taking a sensible second look at the market and coming to the realization that companies will continue to do business regardless of what happens in Washington. A blowout manufacturing Philly Fed Index of 38.8 and a 4K drop in initial jobless claims on the economic front also added some comfort. Please see page 4 of the Global Perspectives™ book for a look at an effectively diversified portfolio designed to help reduce volatility when wading into the market waters.
Just When You Thought It Was Safe to Go Back in the Water
Thursday, May 18, 2017