The financial markets are nervous because they do not know what they do not know (I know, I said it before, but I love this sentence).
Investors believe we are getting close to more stable markets because the Fed is cutting rates. But many are nervous because they feel the Fed has lost its bearing (in navigational sense).
The sharp moves up reflect heavy buying. The sellers, however, are waiting in line.
Bottom line: too much uncertainty. It is not wise to sail with full sails when there is a storm.
More on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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