Special Update: Regardless of the news or emotions, sit tight....

On December 4, 2017 I posted a Blog titled Shake, Rattle and Roll…..  While my crystal ball is always a little hazy, I did mention that some ‘market craziness’ was bound to happen at some point.  Apparently that point was almost 2 months to the day. 

As of the close of the markets on 2/5/18 the S&P500 has shed more than 6% of its value year to date.* Do I find this concerning?  Actually, no.  I find this to be a good sign that the market is cooling off.  Or as one client put it, “the markets are stabilizing expectations and providing a reality check.”  I could not have said it any better myself. 

If we consult the crystal ball again, I would not be surprised if the market continues to trade in a very narrow range with a small bias to the negative for a few more days to weeks.  Most likely weeks though.

I would advise all clients to stay the course and not make any long-term decisions based on short-term market movements.  Looking back this may be a buying opportunity.     

We will continue to watch the markets and provide relevant updates as needed. 

Thanks in advance for your continued trust and support of our firm.

Until next time….

Darin

*source: Yahoofiance.com