At present, my opinion is that the likelihood of these issues getting worse in the near future and causing a sell-off and decline in the market is pretty low, but we are still aware of the fact that in this day and age, things could spin radically out of hand quickly.
FOMO: Fear Of Missing Out is not the punchline of a bad joke. It is a real issue with investors of all walks of life. FOMO happens whenever we see a rally of significance in the markets that catches investors by surprise. This triggers a "get on board or lose out" response, and they end up investing at highs hoping they will gain like their friend, buddy, or confidant and not be on the outside looking in.
We are seeing a renewed interest in the equity side of the investing world take shape. With the Phase 1 trade agreement looking good, PM Boris Johnson's party taking a decisive victory in the general elections and now focusing on BREXIT, and the FED standing put for now on the interest rate changes, we are seeing a solid footing in the markets.
At some point, this party is going to come to a close, but now does not seem like that time! According to Eric Kuby of North Star, last Friday we had the unemployment numbers reach a 50-year low with the help of 266,000 payrolls added to the economy. The University of Michigan's consumer sentiment index rose to an all-time high of 99.2 from the end of November's reading of 96.8.1
We will be closed this Thursday and Friday for Thanksgiving.
First, we meet you where you are and find out where you’d like to go on your journey.
CloseNext, we find out what you need to take up the mountain with you—before planning your bucket list of wants and wishes.
CloseThis is where your feet hit the path and all of our careful planning pays off as your plan is put into action.
CloseWe will continue to guide your steps and keep your plan effective and efficient as you approach your financial summit!
Close