Volatility continued in the stock market this last week. One measure, the Dow Jones Industrial Average (which comprises thirty large stocks in the U.S.), started the week at 16,600 and dropped to 16,100 (as of 10:15 a.m. CST, today, Friday), a -3% decrease. That said, we continue to believe that it is more likely that we are in the midst of a correction vs. the next bear market, although we also believe that the volatility is not over. A common cycle would be for the stock market to “re test” its lows, dropping to its August 25th low of approximately 15,600 on the Dow, before it would recover.
On a personal note, this is my first week as an “empty nester.” While I miss day-to-day parenting, I have noticed an advantage: my cell phone charger stays where I left it!
Please let us know your thoughts and questions. We always appreciate hearing from you.