Good Morning and Happy Friday,
In my last newsletter the last thing I wrote was “For now stay long and keep buying the dips!!! The S&P 500 dropped 4.74% from the most recent high. So almost a 5% correction. I have mentioned many times before that we would get only shallow corrections when there is so much money waiting to buy on any dip. Well, it certainly happened again. Buyers pounced on the opportunity to bargain hunt. I wish I would have followed my own advice but I didn’t. Instead I spent the day adjusting my positions to ensure I would avoid a big loss. So yes, I have some improvements to make in my trading and investing. Work in progress.
As for inflation fears, weill I guess the market is telling us that maybe it won’t be so different this time afterall. Stay tuned for part 2 for what I see happening on that front. Enjoy your weekend and stay safe!