MFA Musings: 10/30/18
Volatility is the word of the week.
The S&P 500 Index started last week at 2,769.58 and hit a low of 2,634.81. This was a 5.11% decline in just a few days. The index ended at 2,658.39, which is a 4.18% decline for the week.
Volatility appears to be back, and there are a few significant influxes bothering the market. We see the problems as:
- Anxiety about violence (real and threatened)
- Political Rhetoric
- Feelings that a recession is due
Fortunately, the November elections are only a few days off. Unfortunately, the 2020 election cycle will start soon.
We believe that volatility is here to stay for a while. Contact your advisor to discuss ways to grow profitability in this volatile market. All of us at McQueen Financial are dedicated to your long-term success.
Have a great week.