I meet on Saturday morning, twice a month, with a group of friends and we talk about investing -- from the direction of the business cycle to choice of asset classes, stock sectors, and market timing. We are all committed to studying the challenges offered by the markets.
What did the group conclude today? The market will probably go up in the near term. This is good news for the traders. The most conservative of us suggested that it is better to wait for confirmation that momentum has turned up. The indicators we follow will give us the signal. Meanwhile high-yield bonds may provide some interesting returns.
We will find out next week. The most astute people suggested next weak will be crucial.
Stay tuned.
To find out more about my in depth view of the markets and my strategy just visit my website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can call me at 1-800-833-2782 to discuss your specific money management needs.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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