Want to outperform the market? Ride out temporary ups and downs, and try to stay 100% invested.
Equity markets can continue to move up and regain lost performance -- valuations are supportive and company's earnings are not as bad as feared.
This is the kind of reversal that happens in a bull market.
The markets will continue to be volatile as global economic data shows bearish signs into the start of the new year.
Market action today is about positioning and portfolio adjustments for 2019.
Which way the market will go is anyone's guess.
But extreme short-term volatility will produce extreme long-term loss of public trust.
And how to position your portfolio to minimize the impact.
The Fed now appears to me, to be if not in the 'policy error' zone than very close to it. Perhaps the Treasury Secretary sees this as well.
If this train wreck happens, it could combine the worst elements of the last four stock market crashes.