The third quarter is in the books and like the past two we saw stocks and bonds declining. Even inside of a bear market we should see a bounce. As we've been warning throughout the year, just because the market is able to rally it doesn't mean the bear market
We're used to things being resolved in short order. I'd like to say that's a function of today's always-connected world where we can find pretty much anything we want on demand. A study of history and human behavior tells us its not the technology that makes us impatient, but instead
9/13/22 - Check out the short video update at the bottom of the page.
The biggest rallies almost always occur inside a bear market. It's human nature. After large drops our brains instantly begin to think things will only get worse. Losses generate twice the emotional response as
"We will keep at it until we are confident the job is done......While the lower inflation readings for July are welcome, a single month’s improvement falls far short of what the Committee will need to see before we are confident that inflation is moving down.......In current circumstances,
Inflation is dead.......at least that is what you would think by watching the stock market the past two weeks. In reality, the pundits are saying we have seen "peak inflation". They are absolutely right (hopefully). However, that doesn't mean we are done having to worry about inflation.
The source
