You’re about to be immersed in it…
It’s Friday February 2nd just before 3PM. Equity markets have retreated a bit from their highs and as I write this the S&P 500 is down about 3%, the DJIA about 3.5%. It feels worse than that though, the Dow is off over 500 points so far and that is the worse down day in the last 12 months.
It’s probably a healthy retreat: folks need bargains to become buyers – so we are having a sale on aisle nine today. You’re about to hear all about it though. This is news by gosh and golly and you will be reminded several times a day the equity markets are coming to an end.
You know better of course. And you are wise to turn a deaf ear to the news cycle. And to the perma-bears all of which will claim they’ve predicted it all. Become a buyer, from our perspective this is a wonderful buying opportunity.
Our portfolios and strategies reflect overweighted positions in US and International Equities, recently, we’ve added commodities to our holdings. “If the financial press experts were so “expert”, they would be managing portfolios, not selling magazines.” – C.L. Dominguez
Carlos Dominguez, CFP® – Portfolio Manager, RJ
Sources are being provided for information purposes only. Raymond James is not affiliated with and does not, authorize, or sponsor any of the listed sources. Raymond James is not responsible for the content of any source or the collection or use of information regarding any source’s users and/or members. Past performance may not be indicative of future results. The S&P 500 is an unmanaged index of 500 widely held stocks that is considered representative of the U.S. stock Market. Inclusion of these indexes is for illustrative purposes only. The Dow Jones Industrial Average (DJIA) is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange (NYSE) and the NASDAQ. Commodities’ investing is generally consideredspeculative because of the significant potential for investment loss. Their markets are likely to be volatile and there may be sharp price fluctuations even during periods when prices overall are rising. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor’s results will vary. Any opinions are those of Carlos Dominguez and not necessarily those of Raymond James. This material is being provided for information purposes only and is not a complete description, nor recommendation. The information has been obtained from sources considered reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Investing involves risk and you may incur a profit or loss regardless of strategy selected. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct.profit or loss regardless of strategy selected. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct.
The Dow Jones Industrial (DJIA) is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange (NYSE) and the NASDAQ. Commodities’ investing is generally considered speculative because of the significant potential for investment loss. Their markets are likely to be volatile and there may be sharp price fluctuations even during periods when prices overall are rising.