I will be on the road for the next couple of days, and my blog might be a bit quiet thanks to some questionable internet connectivity. It is like my posts are going on a mini vacation.
My favorite S&P 500 fell for a fourth consecutive trading session to what has now been a 4% drawdown from its all-time high. The bears are out in full force warning that the world is going to collapse given the incredible run since October of last year as bond yields are bound to keep rising, inflation is poised to rebound, and the Fed is forced to hold interest rates higher for longer. The Middle East situation also throws off the game by introducing some big uncertainty into the mix.
Be careful out there. While I’m away, please remember that attempting to time the market with quick in-and-out moves, especially during volatile periods, is not advisable. Short-term trading often leads to low success rates, with a significant percentage of day traders experiencing losses. The current risk levels for short-term trading are relatively high.
Lastly, feel free to explore the existing content on the blog, and I look forward to reconnecting with you all next week.