Investors are navigating a transitional time, with questions that defy easy answers. Everything seems to be happening at once, and yet nothing seems to have definitively changed.
The market’s erratic pattern—characterized by bursts of event-driven trading driven by the market mob—has investors jumping from one flashpoint to another. What happens to America’s debt rating, tax rates, and obscene debt levels if Congress fails to fund the government and forces an October shutdown?
Questions like these make it hard to have conviction about establishing new stock positions when the market trades at historically elevated valuations.
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