Monthly Market Monologue - November 2023
Based on how November has started, it is certainly possible that the correction that we've been witnessing these last couple of months is now over. It is way too early to know for certain, but it is possible.
Based on how November has started, it is certainly possible that the correction that we've been witnessing these last couple of months is now over. It is way too early to know for certain, but it is possible.
It is still too soon to tell if we are headed right back into a Bear Market, but the data suggests that the bear has re-awakened. He's currently stretching and trying to determine if he is going to lay back down, or get up and go get a snack.
We see some chinks in the economy's armor. Perhaps the economists will finally be right and we will see a recession in the coming quarters. To that end, we look at history. There are some similarities between what we've been witnessing and the 1973-74 bear market.
If we are not in a Bull Market, but not in a Bear Market either, how would we define a Bull Market?
When we understand market history, we can better understand the present. So far, we are seeing what we expected to see.
The Fed kept rates steady in September but their projections suggest that rates could remain higher for longer.