Unless you’re a professional money manager, you don’t watch every minute of the stock market. Most of us have full time careers, lives, etc. that keep us busy.
However, if you happened to check your brokerage account today, you might be wondering: “What the hell happened today?!?!?!”
What seems to have happened, for one, is the market is not so confident in this so-called trade truce between the US and China. It breeds uncertainty. The markets hate uncertainty.
There is also talk of the Federal Reserve raising interest rates. I am going to discuss this in greater detail tomorrow.
What is important to remember is this: when you’re a buy and hold investor, headline items like this don’t mean that much to you. Just keep holding on to what you have, and take advantage of times like these to add to your positions in good companies at a discounted rate!
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