It was hard finding much of anything on the screen today with the color green beside it.
Most investors had factored in a 75 basis point rate increase at the Fed’s next FOMC meeting later this month.
With inflation posting a new high, it now seems that 100 basis points is very possible and likely. Markets reacted to this unthinkable development like a swim in Antarctica.
The recession theme is the dominant topic of conversation, but this actually brings many variables to the table, not all severe.
Investors are also adding additional pressures by simply selling in many cases creating unnecessary losses, tough times require a level head.
History has many examples of rough waters in the markets that with patience and time, things do turn around.
Make no mistake, the professionals are bargain hunting and searching for undervalued assets aggressively. Opportunity often presents itself in disguise and when we were not in the best mood.
Deep discounted prices are very attractive to us in all purchases that we seek, be certain to do the same with your investments.
Short-term: Headlines are your buying opportunities.
Long-term: Fundamentals are your guide.
Much success to all.
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Australia – China – Switzerland
Brinks – IDS – Loomis – The Perth Mint