"If you look at the unemployment data, it's worse than it was during the Obama administration. We have 200,000 people now dead from COVID and we're closing in on seven million people infected with the disease," he said. "The GDP is down, unemployment is up. And so the Fed has helped to prop up the stock market, there is no question about that."
He is upfront about the underperformance of the firm's flagship fund of funds but he asks investors to stay patient. The fund was"I've always been a long term practitioner of a well-diversified asset allocation plan so I try to tell people to stay the course," he said. "Unfortunately, some people invest emotionally, so they redeem after a bad performance."
"The worst time to be selling us was on April 1," he said. "Our stuff was so oversold technically in March and therefore we think that we have a great opportunity to see lots of upside from here."
Vlajournaliste I'm surprised more people aren't talking about what happens to the market (and economy) if they perceive the election as rigged.
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Stock market: Euro stocks recover sharp losses, COVID-19 fears spread - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 𝗡𝗼𝘄 𝗶 𝗯𝗲𝗹𝗶𝗲𝘃𝗲 𝗶𝗻 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗳𝘁𝗲𝗿 𝘄𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗶𝗻𝗴 $5,500 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝘁𝗵𝗲 𝗵𝗲𝗹𝗽 𝗼𝗳 𝗼𝗳 𝗠𝗿 cronin 𝗶 𝗿𝗲𝗮𝗹𝗹𝘆 𝗮𝗽𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗲 𝗮𝗹𝗹 𝘆𝗼𝘂𝗿 𝗲𝗳𝗳𝗼𝗿𝘁 𝗮𝗻𝗱 𝘁𝗵𝗮𝗻𝗸𝘀 trader_conin_fx
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INSIDER Poll: 52% of conservatives want a SCOTUS pick pre-election - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That's a majority Not 'her' seat I call BS
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Limited-time offer: Business Insider subscription with Brex card - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Who TF would want a business insider subscription Why don't I get this with my AMEX platinum?
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Monday’s stock-market selloff sets up worst September in 18 yearsThe stock market on Monday was seemingly unraveling a bullish trend that now risks thrusting U.S. equity benchmarks into a bearish tilt that could set the... Trade the market that is in front of you, not the market you want. Previous 5 months record highs.
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