December 19, 2018
This volatility is out of sync with the strong economy. Job openings are up, housing starts and building permits are still healthy, and retail sales are enjoying a good holiday romp. But it seems to be politics (as usual) that is driving the market’s gyrations, including the ‘wall’, with Trump threatening to shut the government down due to lack of funding, China’s continued exposure as an international hacker and spy, and the continuing investigation into our leader’s affairs, especially as regards to Russia.
Nevertheless, while short-term sentiment has turned more bearish, long-term, market mavens continue to be bullish, yet expect the volatility to continue.
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