I know you just heard from me a few days ago and a new email so soon should not be interpreted with alarm. Instead, my intent is to provide some additional perspective on a December we all hope to soon forget.
I continue to believe that this market downturn, which began in early October and intensified in December, is not based on fundamentals of the economy or corporate profitability. If you’d like a historical perspective on the ten worst months of the market, take a look at this short article. It is authored by an analyst that I follow closely (and that tends to be correct in his views). Is what’s happening in the economy and the world this month, on par with the other nine “worst” months?
If you have questions or would like to chat, please get in touch.
Wishing you all a continued happy holidays!
