The market is up 1.6% this week. Turbulence in financial stocks. Up, down...wildly. They seem to be willing to go up. Bonds are acting well thanks to the Fed and a weak economy. The dollar tumbled. Investors seem to like the reflationary play. I do not feel comfortable with the idea. Why? Because the global economy is tanking as shown in our The Global Business Cycle.
Washington, meanwhile, does not have a clue on what to do. So, they go after bonuses. Really crazy.
What should we do? It is time to relax. Debussy has a way to make you dream. Enjoy!
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
George Dagnino, PhD
No comments:
Post a Comment