Being scared of a pullback isn't 'expensive' or 'stupid'. It's just good investing.
There are three key reasons why investors should resist the urge here.
Are equity markets oversold? Sorry to say, but I don't think so. Not yet.
Make sure that your portfolio is composed of sane assets for the balance of this crazy year.
I think that Jerome Powell actually believes he is accomplishing something...by doing nothing.
Dip buyers and stock-pickers may show up but the FATMAAN names are hurting sentiment and may slow the rotational action.
At least part of the market's negative reaction to the Fed on Wednesday may be tied to two factors.
This is how I'd approach selling, long-dated Treasuries, municipal bonds, investment-grade bonds and more.
A little of everything was offered up on Wednesday, but still we lack clarity on where we might be heading.
The Fed gives few new clues on how it will handle the average inflation targeting program; here's my read on the meeting.