Global markets took another drastic tumble today.
From my vantage point, the fundamentals remain sound and I believe this is likely just pre-election volatility combined with trade war hysteria. Had you sold at this point in the cycle two years ago during the election uncertainty, it would have been a losing position. (see chart)
Speaking of elections, I just uploaded an eerie parallel between the Trump stock market and Bill Clinton’s first two years. It’s a little more than one minute, check it out: https://youtu.be/9LZNtW_4Xd4
So…should you panic or buy this dip? You’ll have to make that decision for yourself. For me, I remain long this market and tomorrow will be releasing a podcast where I discuss 5 reasons to stay the course.
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The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation available at AMAZON and all fine bookstores.
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Listen to the Wealthsteading Podcast to receive updated market commentary:
The 10 Wealth Building Principles can be heard at:
http://www.wealthsteading.com/category/wealth-building-principle/
Subscribe to the Wealthsteading Podcast:
via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058
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