We're starting the 2nd half of the year with a disjointed trading week. Monday is a half day and the markets are closed on Tuesday. This should give investors/speculators a chance to take a breath and assess the outlook for the rest of the year.
In case you missed
Last week I started the Musings with some quotes from some famous investment managers. The key takeaway from all of them was essentially, "stock prices reflect the feelings of the market at the current time not the underlying value of a company." Long-term, the true value always shakes out, but
“Markets can remain irrational longer than you can remain solvent” – John Maynard Keynes
“Quotations fluctuate constantly, reacting often illogically to all sorts of temporary and even trivial influences.” – Benjamin Graham
“The Stock Market is the story of cycles and of the human behavior that is responsible for overreactions in both
The S&P 500 has risen 20% off the lows from last October, leading the financial media to declare a "new bull market". I cringed when the media declared a bear market simply because the market dropped 20% from its high. When the market first crossed the 20% threshold
2022 was the worst year for stocks since the financial crisis. The year started with the worst performers of 2022 posting some impressive results the first 5 weeks of the year. After, the inevitable bounceback reality set in. There were plenty of risks in play – a looming recession, on-going Fed
