The stock market has been on a solid run up since the last quarter of 2023. And more than one technical indicator currently shows stocks are over-bought, due to take a breather. However, the economy remains resilient and continues to show strength. According to FactSet, corporate earnings and revenues spanning the majority of all companies continue to grow year over year with forecasts showing a continuance of that trend.
Expect volatility to be featured right through the election. We were all born with the innate tendency to protect ourselves from harm or in the case of investing, from loss. It’s difficult to learn how to fight against this instinctively driven tendency yet vital to successful, long-term investing.
…til next time
-Randy
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