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The tekkie ones would say we're due for a leg upward soon, eh? Which will surpass the 2nd high point from early October and even earlier, around Labor Day. ...Eh?
As always, depends where the monies are invested, eh? Just a look with a few choices below. Most bonds are doing okay for the year, in spite of weakness since early September. With the equity markets whack this past week, AAA bonds did not find love in support of what one would expect to be a move to safety; or perhaps the support was there and AAA bond prices would have been much lower for the week. Hoping the magic 8 ball is not in need of bench testing for eminent failure.
CHART , YTD for EDV, IEF, LQD, BAGIX, SPY and QQQ. The chart YTD total returns match M* data through Oct. 30.
When I need a quick “reality check” I sometimes pull up the DJI or similar chart. Of course, experienced market watchers know that the Dow is hardly representative of the broader market. In yesterday’s case, the quick glance was enough to convince me that equities aren’t the “screaming buy” they were in back March. So, I didn’t succumb to the temptation to throw money at the beast.
A surprise yesterday was that DODBX gained 0.35% in what was overall a falling market. Worth noting : HY and shorter maturities held up pretty well, while long-term rates rose enough to help the banks and other financials.
Yes, I hear there’s snow forecast for Sunday in northern Michigan, followed by a warming trend.
Comments
As always, depends where the monies are invested, eh? Just a look with a few choices below. Most bonds are doing okay for the year, in spite of weakness since early September. With the equity markets whack this past week, AAA bonds did not find love in support of what one would expect to be a move to safety; or perhaps the support was there and AAA bond prices would have been much lower for the week. Hoping the magic 8 ball is not in need of bench testing for eminent failure.
CHART , YTD for EDV, IEF, LQD, BAGIX, SPY and QQQ. The chart YTD total returns match M* data through Oct. 30.
Your snow shovel is tuned up, yes?
Take care,
Catch
When I need a quick “reality check” I sometimes pull up the DJI or similar chart. Of course, experienced market watchers know that the Dow is hardly representative of the broader market. In yesterday’s case, the quick glance was enough to convince me that equities aren’t the “screaming buy” they were in back March. So, I didn’t succumb to the temptation to throw money at the beast.
A surprise yesterday was that DODBX gained 0.35% in what was overall a falling market. Worth noting : HY and shorter maturities held up pretty well, while long-term rates rose enough to help the banks and other financials.
Yes, I hear there’s snow forecast for Sunday in northern Michigan, followed by a warming trend.