Too many people expect a correction and are skeptical of this rally. Two things have to happen to make them wrong.
One. The correction will be more severe than expected, showing that the bear market is still in full force.
Two. The market will keep rising, confounding all those waiting for a pause.The strength of low-grade bonds due to the Fed plans may very well suggest this is the most likely alternative.
Stay tuned.
To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs. I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. George Dagnino, PhD
Editor, since 1977
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