There's no room for error in these markets
There's no room for error in these markets. Liz Ann Sonders, the CIO at Charles Schwab says that the US is still in the middle innings of a secular bull market, yet that doesn't mean we won't see any corrective phases. Sonders cites two issues that could cause some market jitters 1) An inflation scare - she singles out rising rents and non-supervisory wages as the ones to watch; and 2) Frothy investor sentiment - last week's survey of newsletter writers by Investors Intelligence showed bulls increased to 62%, the highest reading since January 2005. I don't think you have a lot of room for error. I think the market is set up so that if we were to get some sort of problem, geopolitical or inflation scare, sentiment is frothy enough that that probably is a problem for the market. (VIEW LINK)
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